Global Electric Vehicle Charging Station Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

REPORT
ELECTRIC VEHICLE CHARGING

STATION MARKET (2021-2026)
The study offers:
• Insights into the country-level markets, with focus on the key product portfolios and strategies of the
major players
• An analysis of vendor market shares based on revenue/geographical presence
• An assessment of the impact of COVID-19 on the industry
Domain: Automotive Base Year: 2020 Forecast Period: 2021-2026
Industry Reports | Consulting | Intelligence Center

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2 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

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TABLE OF CONTENTS
1. INTRODUCTION 5. MARKET SEGMENTATION AND ANALYSIS (MARKET
SIZE, GROWTH, AND FORECAST)
1.1 Study Assumptions
5.1 By Vehicle Type
1.2 Scope of the Study
5.1.1 Passenger Cars
2. RESEARCH METHODOLOGY
5.1.2 Commercial Vehicles
3. EXECUTIVE SUMMARY
5.2 By Charger Type
4. MARKET DYNAMICS
5.2.1 AC Charging Station
4.1 Market Drivers
5.2.2 DC Charging Station
4.2 Market Challenges
5.3 By Application Type
4.3 Industry Attractiveness – Porter's Five Forces Analysis
5.3.1 Public
4.3.1 Threat of New Entrants
5.3.2 Private
4.3.2 Bargaining Power of Buyers
5.4 By Geography
4.3.3 Bargaining Power of Suppliers
5.4.1 North America
4.3.4 Threat of Substitute Products
5.4.1.1 United States
4.3.5 Intensity of Competitive Rivalry
5.4.1.2 Canada
5.4.1.3 Rest of North America

TABLE OF CONTENTS
5.4.2 Europe 6. COMPETITIVE LANDSCAPE
5.4.2.1 Germany 6.1 Key Player Ranking/Market Share
5.4.2.2 United Kingdom 6.2 Company Profiles*
5.4.2.3 France 6.2.1 ABB
5.4.2.4 Nordic Countries 6.2.2 ChargePoint Inc.
5.4.2.5 Rest of Europe 6.2.3 Schneider Electric SE
5.4.3 Asia-Pacific 6.2.4 Siemens AG
5.4.3.1 China 6.2.5 Tesla Motors Inc.
5.4.3.2 Japan 6.2.6 Evbox (ENGIE)
5.4.3.3 India 6.2.7 Leviton Manufacturing Co. Inc.
5.4.3.4 Rest of Asia-Pacific 6.2.8 SemaConnect Inc.
5.4.4 Rest of the World 6.2.9 The Newmotion BV (Acquired by Shell)
5.4.4.1 South America 6.2.10 Efacec
5.4.4.2 Middle East & Africa 6.2.11 Evgo (Acquired by L.S. Power)
6.2.12 EV Solutions (Webasto)

TABLE OF CONTENTS
6.2.13 BP Pulse 8.7 United Kingdom
6.2.14 Qingdao Tgood Electric Co. Ltd 8.8 Sweden
6.2.15 Star Charge 8.9 Norway
6.2.16 The State Grid Corporation of China (SGCC) 8.10 Korea
*List not Exhaustive 8.11 Finland
7. MARKET OPPORTUNITIES/FUTURE EV CHARGER 8.12 Canada

TECHNOLOGY TRENDS
8.13 India
8. ELECTRIC VEHICLE SUPPLY EQUIPMENT (EVSE) SALES
9. GLOBAL EVSE AVERAGE PRICE RANGE, 2019-2026
VOLUME IN UNITS, BY COUNTRY, 2019-2026 (ONLY
(ONLY QUANTITATIVE INFORMATION)
QUANTITATIVE INFORMATION)
9.1 Slow Charger
8.1 China
9.2 Fast Charger
8.2 United States
8.3 Netherlands
8.4 Germany
8.5 Japan
8.6 France

1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

1. INTRODUCTION
1.1 STUDY ASSUMPTIONS
 The base currency considered was the US Dollar (USD). Conversion of other
currencies to USD was considered based on the average exchange rate for
the respective review-period years. The exchange rate conversion for the
forecast period was determined according to the base year’s conversion
rates.
 The base year was identified based on the availability of annual reports and
secondary information. The base year considered for this study is 2020.
 The review period considered for this study is from 2017-2020. The CAGR is
considered for the forecast period, 2021-2026.
 Market-size estimations for the forecast years were in real terms.
 Distribution of primary interviews conducted was based on the regional

share of the market and the presence of key players in each region.
 As a result of data triangulation through multiple methodologies and

approaches, the weighted averages of resulting estimates are the final
values.

1. INTRODUCTION
1.2 SCOPE OF THE STUDY
VEHICLE TYPE TYPE OF CHARGER APPLICATION TYPE GEOGRAPHY

Passenger Cars AC Charging Station Public North America
Commercial Vehicles DC Charging Station Private Europe
Asia-Pacific
Rest of the World

2. RESEARCH
METHODOLOGY

2. RESEARCH METHODOLOGY
■ Mordor Intelligence (MI) advocates an appropriate mix of secondary and primary research to meet client objectives.
■ MI translates market insights (market dynamics, competition, varying consumer demands, and regulations) into actionable business insights.
■ The following phases are practiced at Mordor for efficient delivery of various syndicated and consulting assignments:
STEP 1 STEP 2 STEP 3

SCOPING/ PROJECT INITIATION MARKET ANALYSIS PROJECT DELIVERY
Decipher client requirements/ market to be

Extensive desk research to identify most relevant secondary information available
studied
Tailormade research approach for

Contact Mordor’s empaneled experts and identify industry experts across the market
customized reports
Effective use of Mordor’s knowledge

Conduct primaries and surveys to gather qualitative and quantitative insights
repository to gather relevant insights
Confirm the objectives of the assignment with

Triangulate and analyze data to finalize actionable business insights
the client
Finalize report contents and establish Report delivery with high quality market insights, competitive landscape, etc.,
a deliverable format as per the proposed content

RESEARCH PHASES EXPLAINED
2.1 SECONDARY RESEARCH 2.2 PRIMARY RESEARCH

This phase involves a thorough synthesis of existing publications across the web ◼ At Mordor, we pool in industry experts across the value chain, to gather first-hand
to gather meaningful insights on the current situation of the market, technology insights on the market studied. In addition to these knowledgeable industry
developments, and any other market related information. The sources include, veterans or retired experts, consultants and freelancers are a call away to
but are not limited to: collaborate with Mordor on any assignment that requires real-time industry
insights.
◼ Scientific papers, journals, and publications
◼ We are also equipped to conduct market surveys to gather qualitative insights
◼ Trade information to understand imports, exports, and average traded price and the opinion of individuals related to the industry.
of the commodity, if available
▪ Primary research is used both to validate the data points obtained from secondary
◼ Industry and government websites for blogs, magazines, and other research and to fill the data gaps after secondary research. Data gathered during
publications the primary research phase are useful to arrive at critical insights, both qualitative
◼ Conference proceedings and association publications and quantitative; these insights can be used to ascertain the following:
• Critical market dynamics (drivers, restraints, future, and regulations) and
◼ Investor presentations, technical brochures, annual reports, press releases,
their impact
transcripts of key personnel interviews, and other strategic publications by
several competitors in the market • Market distribution across various segments
◼ Product information including technical specifications, approvals, patents, etc. • Market entry for new companies and insights on competitive landscape
◼ Public sources/automotive reports (OECD, Company brochures, publications, MODES OF PRIMARY RESEARCH
sec filings, etc.)
◼ Paid sources (Marklines, Statista, D&B Hoovers, etc.)
•and Others
◼ Other sources, including journals, articles, etc. (for prices and usage patterns) Telephonic Email Chat Virtual
Surveys
Interviews Interviews Interviews Council

RESEARCH PHASES EXPLAINED
2.3 DATA TRIANGULATION AND INSIGHT GENERATION
◼ Based on the factors (both endogenous and exogenous in nature) identified and collected during the secondary and primary phases, MI’s in-house subject matter
experts transform the quantitative data extracted and use them to infer critical insights.
◼ The market-size estimations are carried out through ‘bottom-up’ and ‘top-down’ approaches.
◼ MI’s top-down and bottom-up approaches are integrated into its ‘in-house model sheets’, which are used to generate the market estimates and growth rates
(depending upon the historical trends of the respective markets, along with various factors, such as drivers, restraints, and recent developments in the market) of the
product segment in the respective country.
It is a process of combining outcomes from different sources to increase the

validity and reliability of the results. This process also helps in strengthening
DATA conclusions about findings and reduces the risk of false interpretations. The
TRIANGULATION
insights obtained from both secondary and primary researches are analyzed
and validated by the process of data triangulation, to arrive at closer estimates.
REPORT After the data is curated, analysts populate the report. From data and forecast,
WRITING insights are drawn to visualize the entire ecosystem in a single report.

3. EXECUTIVE
SUMMARY

3. EXECUTIVE SUMMARY
ELECTRIC VEHICLE CHARGING STATION MARKET 01 The electric vehicle charging station market (henceforth referred to as the market
Revenue in USD billion, Global, 2019-2026 studied) is anticipated to register a CAGR of about 44.44% during the forecast period
(2021-2026).
Some of the major factors driving the growth of the market studied are the
02
44.44% enactment of stringent emission and fuel economy norms, government incentives,
CAGR and the increasing sales of electric vehicles, which is generating a demand for
charging stations.
36.87
The massive investments in electric vehicles by major automotive companies, such as
03 Toyota, Honda, Tesla, General Motors, and Ford, are expected to drive the EV
charging station market in the near future. Additionally, the evolving partnerships
25.32
between various energy companies and governmental organizations is expected to
expand the studied market.
17.47
The electric vehicle charging station market is witnessing various new technologies
04
12.08 that are expected to hit the market in coming years. Various players in the market
8.38 are working on technologies such as wireless charging and autonomous charging
6.60 5.86
5.03
robots, which may make vehicle charging convenient.
The electric vehicle charging station market is captured by a number of global
05
players such as ABB, Schneider Electric SE, and ChargePoint Inc. The market is also
2019 2020 2021 2022 2023 2024 2025 2026
attracting various new startups.
SOURCE: Mordor Intelligence

4. MARKET
DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces

Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

4. MARKET DYNAMICS
IMPACT CHART: DRIVERS AND RESTRAINTS
High
GROWING SALES OF
Market Drivers
ELECTRIC VEHICLES
INCREASING INVESTMENTS
Impact
IN ELECTRIC VEHICLES
Low
Short-term Medium-term Long-term
Low
Market Challenges
Impact
SUPPLY CHAIN CHALLENGES

HIGH COST AND COMPATIBILITY
DUE TO COVID-19
ISSUES WITH CHARGING
High INFRASTRUCTURE

4. MARKET DYNAMICS | 4.1 MARKET DRIVER
GROWING SALES OF ELECTRIC VEHICLES

◼ Electric vehicles have become an integral part of the automotive industry. They represent a pathway toward achieving energy efficiency, and reduced emissions of
pollutants and greenhouse gases. Increasing environmental concerns and favorable government initiatives are the major factors driving this growth. The annual sales
volume of electric passenger cars is projected to cross the 5 million mark by the end of 2025. Electric cars are expected to account for 15% of the overall vehicle sales by
the end of 2025.
◼ The electric vehicle market has been witnessing healthy growth rates in recent years. In 2020, many European countries witnessed a double-digit growth rate in EV sales.
The European market captured around 43% of the global EV sales in 2020, compared to 26% in 2019. The overall sales of plug-in vehicles reached about 3.24 million
units, compared to 2.26 million in 2019. This spike in sales is the result of an increase in regulatory norms by various organizations and governments, to control emission
levels and to propagate zero-emissions vehicles.
◼ Governments across the world have introduced various schemes and initiatives to encourage buyers to choose electric vehicles over conventional vehicles. The
California ZEV program, which aims to have 1.5 million electric vehicles on road by 2025, is one such initiative. India, China, the United Kingdom, South Korea, France,
Germany, Norway, and the Netherlands, are some of the countries which have various incentives for people willing to buy an electric vehicle.
◼ These initiatives have propelled the automakers to increase their expenditure on the R&D of electric vehicles, which eventually may push the growth of the electric
vehicle charging station market. The government regulations and incentive schemes appear to have a strong impact on people, as there was a considerable change in
the purchase pattern, from conventional IC engine vehicles to electric vehicles. The change has not resulted in a slump of IC engine vehicle sales, but rather, created a
promising market for electric vehicles in the present and for the future.
◼ Electric vehicles have become at par with (and sometimes surpassed) IC engine vehicles in terms of performance, maintenance, and the initial cost of purchase. Tesla has
manufactured electric cars which claim to have greater acceleration, power, and top speed than an average IC engine/hybrid car.
◼ The growth of electric vehicles is anticipated to generate a linear demand for the electric vehicle charging station market over the forecast period.

GROWING SALES OF ELECTRIC VEHICLES
Plug-in Vehicle Sales in million units, Global, 2017-2020
3.24
2.26
2.10
1.22
2017 2018 2019 2020
SOURCE: EV Volumes

INCREASING INVESTMENTS IN ELECTRIC VEHICLES

 The electric vehicle market is growing, and this growth is likely to accelerate further over the forecast period. This is because a majority of the vehicle manufacturers and
the associated industries are seeing electric vehicles as an investment opportunity. This growth is driving the electric vehicle and EV charging station market.
 Vehicle manufacturers are planning to launch a large number of electric vehicles and are entering partnerships, joint ventures, mergers and acquisitions, and increasing
their investments, to have an edge over their competitors.
➢ General Motors plans to raise its spending on electric and autonomous vehicles to USD 20 billion by 2025. The company is expected to launch 20 new electric
models by 2023 and aims to sell more than 1 million electric cars a year in the United States and China over the forecast period.
➢ Volkswagen is planning to spend USD 36 billion on electric cars across its mass-market brands by 2024. According to the company, by 2025, at least 25% of its
global sales will be electric vehicles.
➢ Mahindra & Mahindra (M&M) is one of the leading vehicle manufacturers in Asia. The company is planning to launch new electric vehicles. At present, the
company has only one electric model, Verito. However, by 2021, M&M may launch the electric KUV, followed by the S210 (the electric version of XUV300) a year
later, and E-Aspire (from a partnership with Ford) six months after that.
 The UK-based companies are expected to spend more than GBP 12 billion by switching their fossil fuel vehicles for clean electric versions by 2022. A survey found that
nearly half of the businesses in the United Kingdom are planning to invest in chargeable cars and vans in anticipation of the government’s ban on sales of new internal
combustion engine vehicles by 2035.
 Currently, China is the most promising market for electric buses globally, and this is likely to drive e-bus demand over the forecast period. The overall bus purchases in
the country are expected to remain stable, with more than 400,000 new purchases expected by 2025. Electric bus purchases are expected to increase, supported by the
continuous government initiatives to promote e-mobility. The overall e-bus adoption is likely to reach 40% of new bus purchases globally, by 2040.

INCREASING INVESTMENTS IN ELECTRIC VEHICLES

 India is also working towards making electric vehicles 30% of the total road traffic by 2030. The government is planning to make it mandatory for Uber and Ola to make
40% of their fleets electric by 2026.
 Thailand is the largest producer of vehicles in the ASEAN (Association of Southeast Asian Nations) region and the 11th largest automotive producer in the world. In
March 2020, the Thailand Board of Investment announced that Thailand had received large foreign direct investments supporting the country’s growing electric vehicle
production system. According to the Electric Vehicle Association of Thailand, the number of companies that are part of Thailand’s electric vehicle industry has escalated
significantly since 2015.
 Globally, companies are planning to heavily invest in electric vehicles and charging networks. This is expected to drive the electric vehicle charging station market
around the world.

4. MARKET DYNAMICS | 4.2 MARKET CHALLENGES
HIGH COST AND COMPATIBILITY ISSUES WITH CHARGING

INFRASTRUCTURE
◼ The cost of setting up an EV charging station is quite high and varies according to the type of chargers being installed. To set up the EV charging infrastructure, minimum
infrastructure requirements need to be fulfilled, and finding the right vendor and the right location is important. The costs of charging infrastructure include both fixed
(installation, utility service, transformers, and equipment) and variable (electricity charges) components.
◼ For chargers on commercial electricity tariffs, demand charges can dominate operating costs. As a result, the total cost of power from fast-charging stations is higher than
slower residential chargers, unless the former can achieve sufficiently high utilization rates.
◼ At current levels of utilization, commercial chargers are almost universally not economically profitable. A significant, sustained increase in demand will be needed for
commercial charging infrastructure to deliver financial returns and compete with IC engines.
◼ The high concentration of EV home charging during peak periods can overload local transformers. Utilities may have to procure additional peak capacities, unless they are
able to shift demand to off-peak periods.
◼ There are three types of chargers available for EVs. The standard 120V plug, often used for home appliances, charges slowly but can fill a battery to near-full capacity in
about 8 to 12 hours. The 240V level-2 chargers generally provide 20 to 25 miles of charge in an hour, which shortens charging time to eight hours or less. In homes, level-
2 chargers can use the same outlet type required for clothes dryers or electric ovens. Level-3 direct current (DC) fast chargers can charge a battery up to 80% in 30
minutes. According to a study by the Rocky Mountain Institute, the costs for a level-2 charger’s components range from USD 2,500 to USD 7,210. For a DC fast charger,
the costs can vary between USD 20,000 and USD 35,800. It was reported by UBS that building a Tesla Supercharger station costs around USD 250,000.
◼ Three different varieties of DC fast chargers are used by different auto manufacturers. The SAE Combined Charging System (CCS) is used by most manufacturers, the
CHAdeMO variant is used by Nissan and Mitsubishi, and the Tesla Supercharger is used by only Tesla cars. This lack of vehicle compatibility restricts universal vehicle access
to charging stations and could hinder market growth.
◼ Choosing to deploy high-powered energy chargers en route needs to be done carefully to ensure stations have high utilization. The profit potential of charging stations is
quite low in the current scenario. The profitability may only increase when there are enough electric cars on road, so that the infrastructure could have a high utilization
rate.
4. MARKET DYNAMICS | 4.2 MARKET CHALLENGES
SUPPLY CHAIN CHALLENGES DUE TO COVID-19

◼ The sales of electric vehicles were growing significantly until the outbreak of COVID-19 in late 2019. Governments across the world imposed lockdowns, which resulted in
an economic slowdown and negatively impacted the sales of electric vehicles and charging infrastructure systems.
◼ The sales in February 2020, when compared to the same time period in 2019, saw China’s BYD sales going down by 80%, BAIC BluePark’s sales falling by 65.1%, and the
sales of Chongqing Changan Automobile, which has a joint venture with Ford and Mazda, dropping by 73.7%. Other automakers such as SAIC motor, Dongfeng Motor
Group, and Geely Automotive witnessed a sales drop of 86.9%, 80.7%, and 75%. Respectively. The demand for electric vehicles went down by 20% in Europe in 2020.
◼ The COVID-19 pandemic has not only decreased consumer purchasing power, but also contributed to a significant drop in oil prices, and consequently lowered gasoline
prices. For traditional vehicles with internal combustion engines (ICEs), the drop in gasoline prices may decrease the total cost of ownership. Although EVs may still have
lower total costs of ownership than traditional ICE vehicles do in most segments, the advantage may not be as great, and that could influence sales.
◼ The electric vehicle markets across the world are experiencing a shift as consumers are seeking affordable products due to COVID-19. This potential shift in consumer
preferences have been diverted towards the used vehicles. In 2020, the demand for used vehicles increased in almost every part of the world. The increase in demand for
used cars is likely to effect the market studied.
◼ The impact on supply chain and deliveries has affected many EV charging system manufacturers across the world, as they depend on suppliers from China and Europe for
the parts for charging stations. The outbreak worldwide has resulted in delays in customer and partner deliveries.
◼ Lower disposable incomes and a tendency towards cash saving may lead to reduced usage of EVs in the short-term. This may result in low electric vehicles being used,
significantly reducing the demand for electric vehicle charging infrastructure. This trend may decrease the profitability of the charging stations
◼ As the EV charging infrastructure is highly dependent on the number of EVs in use, some companies are pushing back their project plans by a couple of years. For
instance, in December 2020, BlueSG and the SP Group of Singapore announced that they had run into a roadblock due to COVID-19 and that they were hundreds of
charging points away from their goal for 2020.
◼ The future of public and semi-public charging infrastructures is still uncertain, as there are no large-scale investments to support semi-public and public charging
infrastructures as a standalone business currently. With lower electric vehicles in use and the recent COVID-19 impact, the growth of the electric vehicle charging station
market is expected to be hindered during the forecast period.
4. MARKET DYNAMICS
4.3 INDUSTRY ATTRACTIVENESS – PORTER'S FIVE FORCES ANALYSIS
THREAT OF NEW ENTRANTS THREAT OF SUBSTITUTE PRODUCTS  Porter’s five forces analysis studies the five
identified competitive forces that shape every
industry and market, in order to determine the
intensity of the competition, and thus, the
profitability and attractiveness of the industry.
LOW LOW
 The objective of the growth strategy for the
market players is to adapt to these competitive
forces in a manner that may improve the
INTENSITY OF
position of the organization.
COMPETITIVE
RIVALRY  This study includes a Porter’s five forces
framework, incorporating the factors
HIGH influencing each force, to analyze the market
from a microeconomic perspective.
 In the study, Porter’s five forces are analyzed

considering the factors influencing each force
HIGH MODERATE and quantifying the factors through primaries
and quantitative analysis. The quantified
factors are further mapped out to derive the
impact of each force on competitive dynamics.
BARGAINING POWER OF BUYERS BARGAINING POWER OF SUPPLIERS

4. MARKET DYNAMICS
4.3 INDUSTRY ATTRACTIVENESS – PORTER'S FIVE FORCES ANALYSIS

PORTER’S FIVE FORCES ANALYSIS OVERALL RATING
THREAT ◼ The global electric vehicle charging station market is competitive and is mostly occupied by established players. Low
OF NEW ◼ The initial cost required to establish a charging station is very high. Installation costs are composed of land acquisition cost, labor, materials, permits, taxes,
ENTRANTS and utility upgrades. Level-1 charging stations are cheap, but they offer very slow charging speeds, providing a travel distance of 2-3 miles after an hour of
charging.
◼ The land acquisition cost is also very high, as a large mass of land is required to provide multiple charging points.
◼ The term “buyers”, in this market, refers to the end consumers. The buyer concentration to firm concentration ratio is high.
BARGAINING ◼ Public charging stations charge USD 0.11 to USD 0.15 per kilowatt-hour or USD 2 to USD 8 for a complete fill up. The prices for charging fluctuate High
POWER OF depending on the current cost of energy and the time of day.
BUYERS ◼ There are three major payments options available for the buyers. They can either pay on an hourly basis (as and when needed), on a monthly subscription,
or through app-based wallets.
◼ The bargaining power of buyers is high.
◼ The suppliers in the market mainly refer to hardware suppliers for infrastructure, which includes charging points, semiconductors, communication TCP/IP, Moderate
BARGAINING and power sources.
POWER OF ◼ There are several small players which operate in local market to supply semiconductors, cables, and electricity to the major players in the market.
SUPPLIERS ◼ There are also big companies who provide networking solutions to the players.
◼ The overall bargaining power of suppliers is expected to be moderate.
◼ There is no direct substitute for EV charging station currently. The indirect substitutes for the EV charging station market are lamp posts, solar panels, and Low
THREAT OF electric roads.
SUBSTITUTE ◼ Owing to the high cost of installing charging stations for electric vehicles, governments around the world are looking for low-cost alternatives. In London,
PRODUCTS local authorities and London Boroughs have been working with the energy supplier OVO and the charge point manufacturer Ubitricity, to install charging
points in lamp posts. In March 2020, Siemens converted all the lamp posts in a residential street in central London to electric car chargers.
◼ Overall, the threat of substitute products is low, owing to the technological advancements required for other alternatives, like solar panels and electric
roads.
INTENSITY OF ◼ The overall market for electric vehicle charging stations market is dominated by major players, such as Tesla, ABB, Siemens, and ChargePoint. High
COMPETITIVE ◼ These major players are fighting very hard to gain a competitive advantage over the others and remain market leaders. For instance, Tesla, which is an
RIVALRY electric vehicle manufacturer, has its own charging infrastructure. Tesla’s vehicles are compatible with the company’s charging stations only.
◼ The intensity of competitive rivalry is expected to be high.

5. MARKET
SEGMENTATION
5.1 By Vehicle Type
5.2 By Charger Type
5.3 By Application Type
5.4 By Geography

5.1 BY VEHICLE TYPE
5.1.1 Passenger Cars
5.1.2 Commercial Vehicles

5. MARKET SEGMENTATION
5.1 BY VEHICLE TYPE
ELECTRIC VEHICLE CHARGING STATION ELECTRIC VEHICLE CHARGING STATION MARKET

MARKET Revenue in USD billion, by Vehicle Type, Global, 2019-2026
Revenue Share (%), by Vehicle Type, Global, 2020
CAGR (%)
Vehicle 2019 2020 2021 2022 2023 2024 2025 2026
(2021-2026)
15% Passenger Cars 5.59 4.26 4.97 7.10 10.23 14.79 21.43 31.21 44.43
Commercial Vehicles 1.01 0.77 0.90 1.29 1.85 2.68 3.89 5.67 44.54
85%
Passenger Cars Commercial Vehicles


5. MARKET SEGMENTATION | 5.1 BY VEHICLE TYPE
5.1.1 PASSENGER CARS

◼ In the global electric vehicle charging station market, the passenger cars segment is expected to
register a value of USD 31.21 billion by 2026, registering a CAGR of 44.43% during the forecast ELECTRIC VEHICLE CHARGING STATION MARKET
period. Revenue in USD billion, Passenger Cars, Global, 2019-2026
◼ Passenger cars contributed to more than 70% of the global EV sales in 2020. The SUV segment in
passenger cars has been witnessing growth for the past few years, owing to the demand not only
from North America and Europe but also from Asia-Pacific (Especially China). 31.21
◼ The electrification of SUVs is likely to continue during the forecast period, owing to upcoming e-SUV
models from automakers across the global market. For instance:
➢ In January 2021, in China, SAIC and Alibaba have partnered to launch their electric car joint
21.43
venture Zhiji Auto. The JV presented the first two models under the IM label in that two model
one will be an e-SUV that will hit the market by 2022.
➢ Toyota is set to introduce an all-new battery electric SUV in 2021, its first model on the e-TNGA 14.79
platform, which is jointly developed with Subaru.
10.23
➢ The Audi has announced that it will introduce 20 new electric vehicles by 2025, under which the
Q4 Sportback e-tron is expected to go on sale by 2021. 7.10
5.59 4.97
4.26
➢ Even Ford Motors announced its intention to launch a new SUV named Mach-E by 2021.
◼ China, which is the largest electric vehicle market in the world, has been backed up by generous
support from the government. China has extended the incentives related to the purchase of new
2019 2020 2021 2022 2023 2024 2025 2026
energy vehicles (NEVs) till 2022. In January 2020, Tesla Motors inaugurated a USD 2 billion facility in
Shanghai that was assembling nearly 3000 cars per week in March 2020, when all the other global
facilities of the electric vehicle giant were shut down due to the COVID-19 pandemic.
5.1.1 PASSENGER CARS

◼ Various automakers have sold more than 500,000 battery electric cars in Europe during 2020. Whereas according to ACEA, in the third quarter of 2020, registrations of
electrically-chargeable vehicles figures increased more than tripled to reach 273,809 units. This strong growth is mainly due to the introduction of incentives by national
governments, seeking to boost demand in response to the COVID-19 crisis, which has been largely to the benefit of buyers of battery and plug-in electric cars.
◼ During the forecast period, regions, like Asia-Pacific and Europe, are likely to register the highest production volumes of electric vehicles, owing to their on-going
developments in battery technology, as well as other electrification aspects of vehicles in the automotive industry. For instance:
➢ In May 2020, Kia Motors Europe announced its “Plan S” in which the company plans to shift its business toward electrification, following record sales of the brand’s
electric vehicles (EVs) in Europe.
➢ To achieve “Plan S” objective, Kia plans to offer 11 EVs in 2025 globally, across a range of vehicle segments, including passenger vehicles, SUVs, and MPVs.
➢ The first of Kia’s next-generation EVs will be introduced to Europe in 2021, constructed on a unique platform specifically engineered to accommodate the car’s world-
leading EV powertrain and technologies.
➢ Every new model line due to launch in Europe from now on will offer at least one variety of electrified (full-hybrid, plug-in hybrid, or electric) powertrain, as advanced
powertrain technology forms an ever-greater proportion of the brand’s European sales.
➢ Kia will introduce several additional zero-emission vehicles from 2022 onwards, with their own EV-specific designs and a new user experience designed to make them
even easier to live with day-to-day.
➢ Kia is targeting global annual sales of 500,000 EVs by 2026, and it is aiming for more than 20 % of its European sales to be fully-electric by the second quarter of 2021.
◼ At the global level, the recovery of electric cars growth from COVID -19 impact is likely to be seen effectively from the beginning of 2021, owing to the growing production
plans of electric cars from several automakers in the global market, that will ultimately propel the EV charging station market during the forecast period.

5.1.2 COMMERCIAL VEHICLES

 The commercial vehicles segment of the market studied was valued at USD 0.77 billion in 2020,
and it is expected to reach USD 5.67 billion by 2026, growing at a rate of 44.54% during the ELECTRIC VEHICLE CHARGING STATION MARKET
forecast period. Revenue in USD billion, Commercial Vehicles, Global, 2019-2026
 Pick-up trucks, vans, buses, and trucks have been considered in the commercial vehicle segments
in the market studied. 5.67
 Various government organization around the world are upgrading their fleet to electric. For
instance, the London Metropolitan Police & Fire Service has planned to achieve a fleet zero
emissions target by 2025 and expects that by 2030, 40% of vans will be ‘new energy’ (i.e.,
3.89
electrified), and by 2040, all vans would have also made the switch.
 In the past few years, the electric commercial vehicle market witnessed major automakers rolling
out their strategies toward electric mobility. For instance: 2.68
➢ In May 2020, BYD Europe announced its plans to launch an e-truck range in the European
1.85
market. Its plans are to introduce a full range of battery electric vehicles (BEV) in the
1.29
commercial vehicle sector, including a panel van and 7.5 metric ton and 19 metric ton 1.01
0.77 0.90
rigid distribution trucks, are underway.
➢ In February 2020, Volvo Trucks displayed its North American Class 8 battery-electric
project trucks in Fontana, California. In Europe, Volvo Trucks recently started the sales of
electric trucks for urban transport and demonstrated electric concept trucks for 2019 2020 2021 2022 2023 2024 2025 2023
construction operations and regional distribution.
 Major automakers, under their plan to expand their portfolio of commercial electric vehicles, are
investing to increase their production capabilities in various parts of the world. For instance:
5.1.2 COMMERCIAL VEHICLES

➢ In January 2020, Detroit-Hamtramck received USD 2.2 billion as General Motor’s first 100% EV plant for building trucks, SUVs, and shuttles. General Motors also plans
to invest an additional USD 800 million in supplier tooling and other projects related to the launch of the new electric trucks.
➢ Arrival four vehicle designs are expected to hit the market by 2023, with the start of production for the first vehicle planned for Q4 2021. The company is deploying its
first two Microfactories in South Carolina, United States, and Bicester, United Kingdom, in 2021.
◼ Electric buses play a crucial role in tackling emission reduction targets set by many governments and automakers across the world over the past three years. Thus, several
transport authorities across various regions have started widely adopting electric buses in their transport systems, replacing ICE buses in the current fleet.
➢ In May 2020, BYD announced that it received an order for an additional 13 eBuses from Nobina, which is the major bus operator in Sweden and the Nordic region.
➢ In July 2020, New Flyer and Allison Transmission agreed to deliver 50 Allison-equipped hybrid electric buses to the largest transit authority in the United States, New
York City Transit (NYCT). New York City has indicated that it will rely on Allison electric hybrids to reduce CO2 emissions in the city.
◼ The commercial electric vehicles demand has been increasing for the past few years, as they have large battery packs, they require different chargers compared to passenger
cars. Whereas owing to the increase in the e-commerce sector, the segment is expected to witness high growth during the forecast period.

5.2 BY CHARGER TYPE
5.2.1 AC Charging Station
5.2.2 DC Charging Station

5.2 BY CHARGER TYPE

MARKET Revenue in USD billion, by Charger Type, Global, 2019-2026
Revenue Share (%), by Charger Type, Global, 2020
CAGR (%)
Charger 2019 2020 2021 2022 2023 2024 2025 2026
(2021-2026)
11% 5.89 4.49 5.23 7.48 10.78 15.58 22.58 32.88 44.43
AC Charging Station
DC Charging Station 0.71 0.54 0.63 0.90 1.30 1.89 2.74 3.99 44.54
89%
AC Charging Station DC Charging Station


5. MARKET SEGMENTATION | 5.2 BY CHARGER TYPE
5.2.1 AC CHARGING STATION

 The AC charging station segment of the market studied was valued at USD 4.49 billion in 2020,
and it is expected to reach USD 32.88 billion by 2026, growing at a rate of 44.43% during the ELECTRIC VEHICLE CHARGING STATION MARKET
forecast period. Revenue in USD billion, AC Charging Station, Global, 2019-2026
 In AC charging stations, the electrical grid is connected to the on-board charger. The main
advantage of AC stations is their affordability. As they are significantly smaller, and their 32.88
installation is simpler, faster, and less expensive.
 In the past few years, various EV manufacturers have come up with pick-up trucks. One of the
major challenges for this kind of vehicle is charging stations in remote areas, but as more and
22.58
more automakers are introducing pick-up trucks, they are also planning to install AC chargers in
the adventure trails for promoting their upcoming vehicle models. For instance,
➢ In December 2020, Rivian announced that it began working on its own charging network 15.58
with a strategy that will include DC fast charging and slower AC charging, previously the
10.78
company confirmed that it is working on other solutions, like auxiliary batteries and truck-
7.48
to-truck charging. Rivian is planning to locate stations near hiking trails, kayaking spots, 5.89
4.49 5.23
and other recreational destinations, as the company is about to launch its R1T pickup truck
and R1S SUV.
➢ Similarly, Jeep is planning to build solar-powered charging stations on off-road trails in

2019 2020 2021 2022 2023 2024 2025 2023
California and Utah. Charging stations will likely be Level 2, which will take about 2 hours to
recharge the Wrangler's 17.3Kwh battery pack.
 AC electric vehicle charging has various advantages over DC chargers, but in coming years, a major
focus will be on fast charging, which will hamper the market growth in the forecast period.
5. MARKET SEGMENTATION | 5.2 BY CHARGER TYPE
5.2.2 DC CHARGING STATION

 The DC charging station segment of the market studied was valued at USD 0.54 billion in 2020, and
it is expected to reach USD 3.99 billion by 2026, growing at a rate of 44.54% during the forecast ELECTRIC VEHICLE CHARGING STATION MARKET
period. Revenue in USD billion, DC Charging Station, Global, 2019-2026
 DC fast charging is an important charging method for reducing the charging times of electric
vehicles (EV), which will make long-distance EV travel practical in the coming years.
3.99
 Companies are constantly upgrading the technology, and to get fast charging, major players in the
market are developing new technology to stay ahead of their competitors. For instance,
➢ In December 2020, Volkswagen announced last week that it's testing a DC wallbox that will
allow electric cars to discharge power back into the grid. The wallbox can charge vehicles at 2.74
up to 22 kilowatts or as battery buffers for the utility grid. The automaker is testing the
hardware at factories in Wolfsburg, Braunschweig, Hannover, Salzgitter, and Kassel, Germany,
under the pilot program. 1.89
 Whereas major players in the market are constantly investing in new DC charging stations. For 1.30
instance, in October 2020, MG Motor India and Tata Power inaugurated its 50kW DC superfast
0.90
charging EV station in Nagpur, Maharashtra. The public EV charging station can be accessed by all 0.71 0.63
0.54
vehicles compatible with CCS/ CHAdeMO fast-charging standards. Similarly, in July, ABB India
installed its first public DC fast charger in New Delhi with EV Motors India.
 Moreover, in the United States, Electrify America is adding DC fast-charging stations at Love's Travel
2019 2020 2021 2022 2023 2024 2025 2023
Stops, and the deal will add charging stations at seven locations, with a total of 28 connectors in six
states by 2021.
 As the push toward fast charging is increasing, the DC electric vehicle charging station market is
expected to witness higher growth in the forecast period.
5.3 BY APPLICATION
TYPE
5.3.1 Public
5.3.2 Private

5.3 BY APPLICATION TYPE

MARKET Revenue in USD billion, by Application Type, Global, 2019-2026
Revenue Share (%), by Application Type, Global,
2020 CAGR (%)
Application Type 2019 2020 2021 2022 2023 2024 2025 2026
(2021-2026)
Public 1.02 0.77 0.90 1.29 1.86 2.70 3.91 5.70 44.55
15%
Private 5.59 4.26 4.96 7.09 10.22 14.77 21.40 31.17 44.42
85%
Public Private


5. MARKET SEGMENTATION | 5.3 BY APPLICATION TYPE
5.3.1 PUBLIC
 The public segment of the market studied was valued at USD 0.77 billion in 2020, and it is expected to
reach USD 5.70 billion by 2026, growing at a rate of 44.55% during the forecast period. ELECTRIC VEHICLE CHARGING STATION MARKET
 As the Electric vehicle sales are going up, various companies are teaming up with other companies to
Revenue in USD billion, Public, Global, 2019-2026
provide public charging stations in various parts of the world. For instance,
5.70
➢ In July 2020, With We Charge, Volkswagen AG completed around 150,000 public charging points
all over Europe. With the We Charge charging card, customers will be having a choice of three
individual tariffs and access to the IONITY high-power charging network. We Charge offers
numerous digital functions relating to charging in its We Connect ID. app. With the app, users can 3.91
easily locate all available We Charge charging points, the app will also provide important
information on charging price and charging point availability.
2.70
➢ In December 2020, BP Pulse entered into a USD 50 million agreement with FreeWireTechnologies.
Under which BP Pulse will use FreeWire Boost Charger stations as part of a network buildout that
1.86
will include 700 or more public fast-charging stations by 2025. These Boost Charger stations use a
1.29
battery buffer to boost onsite power, allowing fast-charging stations to be installed at new 1.02
0.77 0.90
locations without grid upgrades.
➢ In September 2020, Trojan Energy tested charging stations that attach to flush sidewalk
connectors. The Subsurface Technology for Electric Pathways (STEP) will be a pilot program that
2019 2020 2021 2022 2023 2024 2025 2025
will see 200 curbside charging stations installed in London. The project will receive USD 3.9 million
in partnership with Innovate UK.
 Based on the all-aforementioned factors, it is anticipated that the public charging station is expected
to increase during the forecast period.
5. MARKET SEGMENTATION | 5.3 BY APPLICATION TYPE
5.3.2 PRIVATE
 The private segment of the market studied was valued at USD 4.26 billion in 2020, and it is expected
to reach USD 31.17 billion by 2026, growing at a rate of 44.42% during the forecast period. ELECTRIC VEHICLE CHARGING STATION MARKET
 Private charging stations are gradually increased in the past few years as EV owners are inclining Revenue in USD billion, Private, Global, 2019-2026
toward installing their personnel charger at home to get their home to decrease their dependence on
public charging stations.
31.17
 Various automakers are also providing home charging solutions to their customers along with electric
vehicles. For instance.
➢ In June 2020, Volkswagen started the sale of the ID. charger for home charging for electric
vehicles. It has been developed with the ID.3 and the ID. family in mind, but it can also be used 21.40
to charge all other electric cars with a Type 2 connector.
➢ The ID. Charger will be gradually introduced in three versions. All will have a charging capacity
14.77
of up to 11kW, a permanently mounted Type 2 charging cable, and integrated DC residual
current protection for maximum safety. Whereas the ID. Charger Connect and ID. Charger Pro 10.22
will also be fully connected and can be managed via smartphone.
7.09
 It is a possibility that in coming years, real estate companies will provide their properties with charging 5.59 4.96
4.26
solutions to their customers, as this trend has already been witnessed in some major real estate
markets. For instance,
➢ In September 2020, ABB supplied EV chargers for the Safa 28 residential project located at Al 2019 2020 2021 2022 2023 2024 2025 2025
Nada and Al Qairwan areas in Riyadh. Real estate company plans to establish 140 housing units
within 10 buildings and further expand into developing 921 buildings.
 Based on the all-aforementioned factors, it is anticipated that the market for private charging stations
is likely to grow rapidly during the forecast period.
5.4 BY GEOGRAPHY
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Rest of the World

5.4 BY GEOGRAPHY

MARKET
Revenue in USD billion, Global, 2019-2026
Revenue Share in %, Global, 2020
Region 2019 2020 2020 2021 2022 2023 2024 2026 CAGR (%)
2% 13% North America 0.86 0.66 0.77 1.09 1.58 2.28 3.30 4.81 44.43%
Europe 1.55 1.18 1.38 1.97 2.83 4.10 5.94 8.65 44.44%
24%
Asia-Pacific 4.05 3.09 3.60 5.15 7.42 10.73 15.55 22.64 44.45%
61%
Rest of the World 0.14 0.11 0.12 0.18 0.25 0.36 0.53 0.77 44.39%
North America Europe
Asia-Pacific Rest of the World


5.4.1 NORTH
AMERICA
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America

5. MARKET SEGMENTATION | 5.4 BY GEOGRAPHY
5.4.1 NORTH AMERICA

MARKET Revenue in USD billion, by Country, 2019-2026
Revenue Share in %, by Country, 2020
CAGR %
Country 2019 2020 2020 2021 2022 2023 2024 2026
(2021 – 2026)
2%
10%
United States 0.75 0.57 0.67 0.96 1.38 1.99 2.89 4.20 44.43%
Canada 0.09 0.07 0.08 0.11 0.16 0.23 0.34 0.49 44.41%
Rest of North America 0.02 0.02 0.02 0.03 0.04 0.05 0.08 0.11 44.43%
88%
United States
Canada
Rest of North America
SOURCE: Mordor Intelligence SOURCE: Mordor Intelligence

5. MARKET SEGMENTATION | 5.4 BY GEOGRAPHY | 5.4.1 NORTH AMERICA
5.4.1.1 UNITED STATES

 In the market studied, the US electric vehicle charging station market registered a value of USD 0.75
billion in 2019. It is projected to reach USD 4.2 billion by 2026, registering a CAGR of 44.43% during the ELECTRIC VEHICLE CHARGING STATION MARKET
forecast period. Revenue in USD billion, United States, 2019-2026
 From over the past few years’, the country has been witnessing investments by local governments for
expansion of charging network. For instance, in July 2020, the New York governor announced an 4.20
investment program that would allocate USD 750 million to build charging stations and other electric
vehicle infrastructure. The measure is set to create more than 50,000 charging stations and will largely
be funded by the state's investor-owned utility companies. These projects are expected to be
completed by 2025. 2.89
 In November 2020, Electrify America announced that it had passed 500 charging sites since the
opening of its first site in 2018. The network now includes more than 2,200 individual DC fast-charging
1.99
stations. The company plans to add 125 DC fast-charging stations with solar canopies, including 75 in
California, with an overall goal of having 800 fast-charging stations by December 2021.
1.38
◼ Major electric vehicle manufacturers active in the market are providing various benefits, and many
0.96
states in the country are announcing investments for EV charging networks. For instance, 0.75
0.57 0.67
➢ In September 2020, Electrify America announced that owners of the 2021 Volkswagen ID.4
electric car would get three years of unlimited DC fast charging on its network.
➢ In August 2020, California approved a USD 437 million utility-based program that will add
2019 2020 2021 2022 2023 2024 2025 2026
38,000 new electric-car charging stations in five years.
 The sales of electric vehicles are increasing rapidly in the country, and the ongoing technological
developments will fuel growth of the electric vehicle charging station market over the forecast period.

5.4.1.2 CANADA
◼ The Canadian electric vehicle charging station market was valued at USD 0.09 billion in 2019, and it is
expected to reach a value of USD 0.49 billion by 2026, while recording a CAGR of over 44.41% over the ELECTRIC VEHICLE CHARGING STATION MARKET
Revenue in USD billion, Canada, 2019-2026
forecast period.
◼ Various companies in the country are teaming up to provide charging networks in the country over the
coming years. For instance,
➢ In November 2020, ChargePoint and Volvo Car USA LLC announced that they are working 0.49
together to provide charging solutions for US and Canadian customers. Chargepoint has a
portfolio of AC and DC fast charging hardware and software solutions which it will offer at a special
pricing to Volvo Cars’ retailers. 0.34
➢ In the same month, non-profit organization Earth Day Canada announced that it is launching an
electric vehicle fast-charging network across Quebec and New Brunswick. Called the EcoCharge 0.23
network, it will consist of 100 DC fast-charging stations located across 50 IGA grocery store spaces. 0.16
◼ Transport Canada has set an ambitious target of having 10% of all light-duty cars be electric by 2025, 0.11
0.09 0.08
30% by 2030 and 100% by 2040. In the USD 300 million program started in May 2019, more than USD 0.07
255 million had already been claimed for buying fully electric cars and plug-in hybrid models by the
end of September 2020.
◼ Thus, owing to the abovementioned developments and enactment of stringent emission norms, 2019 2020 2021 2022 2023 2024 2025 2026
automobile manufacturers are increasing their production of electric vehicles, in turn, boosting the
demand for automotive acoustic materials in the country.

5.4.1.3 REST OF NORTH AMERICA

◼ The rest of the North American electric vehicle charging station market was valued at USD 0.02
billion in 2019 and is expected to reach USD 0.11 billion by 2026, growing at a rate of over 44.43% ELECTRIC VEHICLE CHARGING STATION MARKET
over the forecast period. Revenue in USD billion, Rest of North America, 2019-2026
◼ The rest of North America includes countries such as Mexico, Costa Rica, Cuba, Guatemala, Panama,
0.11
etc. The electric vehicle charging station market has been witnessing slow growth in the rest of north
American countries due to the slow adoption of electric vehicles. Although over the past few years,
various new players are planning to introduce charging networks in the region. For instance,
➢ In September 2020, ChargePoint Inc., and Switchback Energy Acquisition Corporation 0.08
announced the signing of a definitive business combination agreement. ChargePoint will use this
transaction to expand its reach in North America and Europe; whereas for Swithchback it will be
0.05
an opportunity to further enhance its technology portfolio and scale business.
➢ Beyond Renewable Energy, a startup in Mexico, is planning to open stations at all major cities in 0.04
Mexico. The startup is planning to roll out a subscription service wherein drivers pay around USD
0.03
50 per month for unlimited access to its grid. 0.02 0.02
0.02
◼ Meanwhile, the Mexico City government has also announced a strategic plan to improve mobility in
the city by replacing local transportation modes with zero emission vehicles. The government is also
planning to increase generation of electricity through clean energies from 25-35% by 2024.
2019 2020 2021 2022 2023 2024 2025 2026
◼ The automotive industry in the region is undergoing a lot of changes owing to the COVID-19
pandemic and the political condition, which is likely to affect the market for this year. Post that, the SOURCE: Mordor Intelligence
region is expected to have higher growth in the North American region.
5.4.2 EUROPE
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Nordic Countries
5.4.2.5 Rest of Europe

5.4.2 EUROPE
ELECTRIC VEHICLE CHARGING STATION

ELECTRIC VEHICLE CHARGING STATION MARKET
MARKET
Revenue in USD billion, by Country, Europe, 2019-2026
Revenue Share in %, by Country, Europe, 2020
CAGR %
Country 2019 2020 2021 2022 2023 2024 2025 2026
(2021 – 2026)
22%
26% Germany 0.34 0.26 0.30 0.43 0.62 0.90 1.30 1.89 44.44%
United Kingdom 0.25 0.19 0.22 0.32 0.45 0.66 0.95 1.39 44.44%
16%
France 0.27 0.21 0.24 0.34 0.50 0.72 1.04 1.52 44.43%
19%
17% Nordic Countries 0.29 0.22 0.26 0.37 0.53 0.76 1.11 1.61 44.45%
Germany United Kingdom Rest of Europe 0.40 0.31 0.36 0.51 0.73 1.06 1.54 2.24 44.43%
France Nordic Countries
Rest of Europe

5. MARKET SEGMENTATION | 5.4 BY GEOGRAPHY | 5.4.2 EUROPE
5.4.2.1 GERMANY
◼ The German electric vehicle charging station market was valued at USD 0.26 billion in 2020 and is
expected to reach USD 1.89 billion by 2026, growing at a rate of over 44.44% over the forecast period. ELECTRIC VEHICLE CHARGING STATION MARKET
◼ One of the important factors for increase in the sales of electric cars is the growing presence of DC Revenue in USD billion, Germany, 2019-2026
fast-charging stations, not only on the German autobahns but also along the highways that are
1.89
adjacent to countries in much of the continent, led by the 125-kilowatt Tesla Supercharger network.
◼ Germany launched a USD 350 million program to install DC fast chargers around the country, and
Tesla began rapidly building its supercharger network. The German government funded the
development of a nationwide fast-charging network long ago, and the results of the funding are now
1.30
being used by thousands of new electric car drivers each month.
◼ Electric vehicles, with fast charging capabilities, are likely to drive demand for high power chargers in
the country during the forecast period. To capture the above demand, a majority of EV charger 0.90
manufacturers have already started focusing on establishing the requisite EV charging stations. For
instance, 0.62
➢ In December 2020, Volkswagen announced that it is expanding its EV charging infrastructure in
0.43
Germany over the coming years. The automaker’s plan is to install around 750 new charging 0.34 0.30
0.26
points next year, including the first High Power Charging stations with up to 300 kW power.
➢ Volkswagen stated that by the end of 2021, nearly 2,000 charging points are expected to be in
operation. Currently, it has more than 1,200 charging points across ten sites in Germany. The
biggest charging park with some 500 charging points is in Wolfsburg. 2019 2020 2021 2022 2023 2024 2025 2026
◼ All the above developments indicate that the German market for EV and EV charging stations will
grow exponentially over the coming years.

5.4.2.2 UNITED KINGDOM

◼ The UK electric vehicle charging station market was valued at USD 0.19 billion in 2020 and is
expected to reach USD 1.39 billion by 2026, growing at a rate of over 44.44% over the forecast ELECTRIC VEHICLE CHARGING STATION MARKET
period. Revenue in USD billion, United Kingdom, 2019-2026
◼ The government, in its new green plan, has laid out a plan to ban combustion engine sales by 2030.
Additionally, the bill offers grants for electric cars and funding plans for charging points. Furthermore,
1.39
the sale of some hybrid cars and vans will continue until 2035.
◼ Moreover, there has been a huge increase in the sales of pure electric and hybrid models in the
United Kingdom, with demand for pure electric models being up 185.9% and hybrids by 91.2% in
2020, according to figure by the Society of Motor Manufacturers and Traders (SMMT). The rise in EV 0.95
sales is expected to propel the demand for charging infrastructure as OEMs are planning to invest
more in coming years. For instance,
0.66
➢ Toyota has announced that it will not invest in building battery electric cars in Britain during its
next round of investment in 2027, which means the first zero-emissions Toyota cars would not be
0.45
built in the country until 2034.
0.32
◼ In December 2020, a new all-electric car charging station near Braintree in Essex was opened to the 0.25 0.22
0.19
public. The location consists of 36 electric vehicle chargers, which can deliver up to 350kW of power.
The station’s chargers generate power from renewable sources, including solar panels installed on the
station’s canopies and the company’s network of hybrid solar farms. It is the first station by Gridserve,
2019 2020 2021 2022 2023 2024 2025 2026
and the company is planning to build more than 100 at different locations over the next five years.
◼ Aside from the aforementioned points, factors such as the new strain of the COVID-19 and Brexit are
expected to hamper the market studied.
5.4.2.3 FRANCE
◼ The French electric vehicle charging station market was valued at USD 0.21 billion in 2020 and is
Revenue in USD billion, France, 2019-2026
◼ Electric vehicle infrastructure is speeding along there; in Europe, France leads in its network
investments. The European Union recently announced a goal of 1 million public chargers by 2025. 1.52
◼ The government is awarding a contract to companies to maintain the charging network in the country.
For instance, in October 2020, VINCI Energies was awarded the contract in France to manage a
network of electric vehicle charging points. Under the four-year contract, the company will be
operating the 380 existing charging points in the Bourgogne Franche-Comté area of France. 1.04
◼ Apart from energy companies, various major companies that are active in other industries are also
investing in this rapidly growing market. For instance,
0.72
➢ In November 2020, Total announced that it had won a concession tender for the modernization
and extension of the public EV charging network, which consists of 2,300 EV charging points. The
0.5
Council of Paris awarded the tender of on-street public network for over the next 10 years.
➢ In September 2020, the company acquired Blue Point London from the Bolloré Group. With this 0.34
0.27 0.24
transaction, Total is taking over the management and operation of Source London, the largest 0.21
electric vehicle charging network citywide, which includes more than 1,600 on-street charge
points.
◼ Aside from the aforementioned points, the demand for electric vehicles in France has been increasing 2019 2020 2021 2022 2023 2024 2025 2026
and the country has one of the highest EV adoption rates in the world, which is expected to propel
demand for the EV charging station market over the forecast period. SOURCE: Mordor Intelligence

5.4.2.4 NORDIC COUNTRIES

◼ The market studied for Nordic countries was valued at USD 0.22 billion in 2020 and is expected to
reach USD 1.61 billion by 2026, growing at a rate of over 44.45% over the forecast period. ELECTRIC VEHICLE CHARGING STATION MARKET
Revenue in USD billion, Nordic Countries, 2019-2026
◼ The Nordic region consists of Denmark, Norway, Sweden, Finland, and Iceland, as well as the Faroe
Islands, Greenland and Åland. Various countries in the Nordic group are adding electric buses to their
public transportation fleet, which is expected to increase the demand for charging infrastructure in 1.61
the region. For instance, in June 2020, Vy Buss AB ordered 49 high-capacity Volvo 7900 Electric
Articulated buses. The new buses are scheduled to enter operations in Jönköping, Sweden, in the
summer of 2021.
◼ In 2020, Norway became the first country in the world where more than 50% of new cars sold were 1.11
electric. Norway’s Road Traffic Information Council announced that electric vehicles accounted for
54.3% of new car sales in 2020, up from 42.4% in the previous year.
0.76
◼ In September 2020, the city of Bodö in Norway placed an order for 31 electric Volvo buses, charging
infrastructure and servicing. The charging infrastructure will be delivered by ABB, and will be set up in 0.53
the first half of 2021. The chargers will be the standard OppCharge, an open interface for bus
0.37
charging, which offers charging through automatic roof connections. 0.29 0.26
0.22
◼ Moreover, in September 2020, Cobe unveiled a pair of tree-like timber charging stations for electric
cars in Denmark. It is the first station of a network of 48 charging stations that will be built along
Scandinavian highways.
2019 2020 2021 2022 2023 2024 2025 2026
◼ Other Nordic countries are also expected to show good growth prospects over the coming years
which, in turn, may result in an increase in demand for the electric vehicle charging station market in
the region.

5.4.2.5 REST OF EUROPE

◼ The market studied for the rest of Europe was valued at USD 0.31 billion in 2020 and is expected to
reach USD 2.24 billion by 2026, growing at a rate of over 44.43% over the forecast period. ELECTRIC VEHICLE CHARGING STATION MARKET
Revenue in USD billion, Rest of Europe, 2019-2026
◼ The rest of Europe includes countries such as Italy, the Netherlands, Russia Austria, Poland, Spain, etc.
In Europe, more than 70% of all charging points are concentrated in just 4 countries, namely, the
Netherlands, Germany, France, and the United Kingdom. 2.24
◼ In Austria, EVs are gaining traction owing to which the Austrian government is opening bus lanes to
electric vehicles and is also likely to start promoting free parking for electric cars. They are creating a
legal exception to increase the speed limit to 130 km/h (80 mph) on about 440 km of highway, from
1.54
the 100 km/h limit during the IG-L air pollution warning.
◼ In Russia, internal combustion engines are expected to remain dominant, as the consumers’
preference for large cars is hindering the growth of electric and hybrid vehicles. As vehicles sales are 1.06
increasing in the country, the electric vehicle charging station market is also expected to grow over
0.73
the forecast period.
0.51
◼ In September 2020, Vattenfall won the tenders for charging networks in the Netherlands. The tender 0.4
0.31 0.36
consists of up to 8,000 new charge points which will be installed by 2024 in the Noord-Brabant and
Limburg provinces. Similarly, in the same month, Energa-Operator announced that in cooperation
with local governments, it will build around 280 charging stations for electric vehicles across Poland.
2019 2020 2021 2022 2023 2024 2025 2026
◼ The remaining countries in the region are also expected to see good growth in the EV charging
station market, as electric vehicles sales are increasing in almost every country of the region, and this
will increase the demand for charging stations.
5.4.3 ASIA-PACIFIC
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Rest of Asia-Pacific

5.4.3 ASIA-PACIFIC

MARKET
Revenue in USD billion, by Country, Asia-Pacific, 2019-2026
Revenue Share in %, by Country, Asia-Pacific, 2020
CAGR %
Country 2019 2020 2021 2022 2023 2024 2025 2026
(2021-2026)
China 3.73 2.84 3.31 4.73 6.82 9.86 14.28 20.80 44.40 %
6% 2%
Japan 0.22 0.17 0.20 0.28 0.40 0.59 0.85 1.24 44.64 %
0%
India 0.01 0.01 0.01 0.02 0.03 0.05 0.07 0.11 51.93 %
Rest of Asia-Pacific 0.09 0.07 0.08 0.11 0.16 0.24 0.34 0.50 44.48 %
92%
China Japan India Rest of Asia-Pacific

5. MARKET SEGMENTATION | 5.4 BY GEOGRAPHY | 5.4.3 ASIA-PACIFIC
5.4.3.1 CHINA
◼ The Chinese electric vehicle charging station market was valued at USD 2.84 billion in 2020 and is expected
to reach USD 20.80 billion by 2026, growing at a rate of over 44.4% over the forecast period. ELECTRIC VEHICLE CHARGING STATION MARKET
Revenue in USD billion, China, 2019-2026
◼ The Chinese electric vehicle charging station market is well supported by its battery electric vehicle market,
which is backed by generous support from the government. China has extended the incentives relating to
the purchase of new energy vehicles (NEVs) till 2022. In January 2020, Tesla Motors inaugurated a USD 2
billion facility at Shanghai, that was assembling nearly 3000 cars per week in March 2020 when all the other 20.80
global facilities of the electric vehicle giant were shut down due to the COVID-19 pandemic.
◼ Moreover, after its electric car, Tesla is planning to start manufacturing electric vehicle chargers in China in
2021, according to a document submitted to the Shanghai authorities by the company in November 2020.
14.28
◼ In April 2020, a deputy director at the National Development and Reform Center (NDRC) has given the
statement that the country will be investing around USD 1.4 billion with the target of setting up a total of
600,000 charging points by the end of the year. 9.86
◼ According to data released in August 2020 by the China Electric Charging Infrastructure Promotion, as of the
6.82
end of July, members of the Alliance reported that about 566,000 public charging stations had been installed
and had started operations across the country. Of these, 326,000 are AC, 240,000 are DC, while 488 come 4.73
3.73 3.31
equipped with both AC and DC capabilities. In July 2020, the total charging power of all stations across the 2.84
country had reached some 670 million kWh, which is a year-on-year increase of 52.4%.
◼ Taxis, buses and electric light vehicles are the three major vehicle segments that utilize charging stations in
China. Apart from buses which have the requirement for specialized captive infrastructure, the other vehicles 2019 2020 2021 2022 2023 2024 2025 2026
majorly require public fast charging.
◼ The rapid growth of electric vehicles and pro-EV policies in the country are expected to propel growth of the
market studied.

5.4.3.2 JAPAN
◼ The Japanese electric vehicle charging station market was valued at USD 0.17 billion in 2020 and is
◼ The electric vehicle market in Japan has been experiencing growth, as the demand for emission-free Revenue in USD billion, Japan, 2019-2026
vehicles has been increasing, and the government has been investing heavily in this electric vehicle
market. The Japanese government aims to transform all the new cars, sold in the country, to electric or
1.24
hybrid vehicles, by 2050. The government has also set a target to reduce the emissions of carbon dioxide
and other greenhouse gasses, by about 80% per vehicle, by 2050.
◼ In August 2020, Japan’s e-Mobility Power Company (eMP) selected ABB to support the upgradation of
the country’s electric vehicle charging infrastructure. eMP will replace obsolete chargers with more than 0.85
ABB 250 Terra 184 units. The chargers will be installed at stores located on the roadside, along highways
and other public places, and have the capacity to charge up to two electric vehicles at the same time
0.59
◼ Whereas in September 2020, Delta, announced that its new Delta electric vehicle (EV) Charging Station
Yokohama, which is jointly developed and operated by Delta and Idemitsu Kosan Co. Ltd is capable of 0.40
assisting as a disaster response base for the city of Yokohama by serving the local government's
0.28
emergency response EVs with charging services as well as with EV battery, electricity deployment to the 0.22
0.17 0.20
grid during disasters.
◼ The country has presence of some global electric vehicle companies, despite still country is lagging in
terms of sales of zero emission vehicles, as in 2020, sales of electric vehicles in Japan came to slightly
2019 2020 2021 2022 2023 2024 2025 2026
below 15,000 units, representing less than 1% of overall new vehicle sales in the country,
◼ Apart from the aforementioned points local manufacturers effort to support the electric, hybrid and SOURCE: Mordor Intelligence
plug-in hybrid vehicles manufacturing in the country is expected to support the market studied.
5.4.3.3 INDIA
◼ The Indian electric vehicle charging station market was valued at USD 0.01 billion in 2020 and is expected
to reach USD 0.11 billion by 2026, growing at a rate of over 51.93% over the forecast period. ELECTRIC VEHICLE CHARGING STATION MARKET
◼ In November 2020, transport minister of India has announced government’s plan to set up charging Revenue in USD billion, India, 2019-2026
infrastructure for one e-charging kiosk at around 69 thousand petrol stations across India, Previously in
October, the department of heavy industry had issued an Expression of Interest (EoI), inviting proposals
from government organizations, public sector undertakings (PSUs), distribution companies and other 0.11
public and private players to build and operate charging infrastructure.
◼ As government launched various imitative various states have started building charging station. For
instance, in January 2021, Kerala Electrical and Allied Engineering Company Limited (KEL) is expected to
commission the first of its electric vehicle charging stations in February. The estimated INR 6.5 million
0.07
project of charging facilities will include a 60-kW rapid DC charger, 7.5-kW AC charger and AC charger
type 2, 22-kW chargers.
◼ In the past few year's country has witnessed various companies laying out their plan and inaugurating
0.05
charging stations in different parts of the country. For instance,
➢ In December 2020, MG Motor India and Tata Power today inaugurated the 60kW superfast public EV 0.03
charging station in Coimbatore at MG Motor India dealership, the facility is built to be utilized by the
electric vehicles compatible with CCS fast-charging standard. 0.02
0.01 0.01
0.01
➢ In November 2020, eBikeGo, a smart electric two-wheeler mobility platform is planning to introduce
its own IoT enabled smart charging stations, eBikeGo Charge. In the first phase, 3000 Charging
stations will be installed in 5 cities in 3 months and in one-year company is aiming to install 12000 -
15000 charging stations across the country. 2019 2020 2021 2022 2023 2024 2025 2026
◼ India is showing good potential for electric vehicle, as various new models are being launched in the
country, which is are anticipated to propel the growth of market studied. SOURCE: Mordor Intelligence

5.4.3.4 REST OF ASIA-PACIFIC

◼ The Rest of Asia-Pacific electric vehicle charging station market was valued at USD 0.07 billion in
2020, and it is expected to reach USD 0.50 billion by 2026, growing at a rate of over 44.48% during ELECTRIC VEHICLE CHARGING STATION MARKET
the forecast period. Revenue in USD billion, Rest of Asia-Pacific, 2019-2026
◼ During the past few years, the countries in the Rest of Asia-Pacific region have registered a high
number of EV sales, which is expected to support the growth of the market studied.
◼ In the 2021 economic policy South Korea laid out plan to supply an additional 100,000 electric cars 0.50
in the new year, under which government is also planning to increase the number of charging
stations from the current 33,000 to 36,000 within the year, and to 45,000 by 2025.
◼ Whereas, in January 2020, the South Korea government announced an investment of EUR 627
0.34
million in 2020 for subsidize electric cars and expand the charging network by 60% compared to
2019, which will propel the demand of EVs and ultimately the electric vehicle charging station
market. 0.24
◼ Moreover, in January 2021, Gold Coast rolls out 10 new electric vehicle charging stations which was
0.16
to be installed between Coolangatta and Pimpama over the year The State Government and City of
0.11
Gold Coast have each spent USD 350,000 on the project and the 75kW DC chargers were 0.09
0.07 0.08
manufactured by local company Tritium.
◼ In 2019, Schneider Electric in partnership with Resorts World Genting (RWG) launched the first
electric vehicle (EV) charging station at the Awana SkyCentral Transportation Hub Carpark located at
2019 2020 2021 2022 2023 2024 2025 2026
Genting Highlands Premium Outlets (GHPO).
◼ As per as the aforementioned points the government support and increase in EV sales is expected to
propel the market growth of the region.
5.4.4 REST OF THE
WORLD
5.4.4.1 South America
5.4.4.2 Middle East & Africa

5.4.4 REST OF THE WORLD

MARKET
Revenue Share (%), by Country, Rest of the World, Revenue in USD billion, by Country, Rest of the World, 2019-2026
2020
CAGR %
Country 2019 2020 2021 2022 2023 2024 2025 2026
(2021-2026)
18%
South America 0.11 0.09 0.10 0.14 0.21 0.30 0.44 0.63 44.39 %
Middle East & Africa 0.02 0.02 0.02 0.03 0.04 0.06 0.09 0.13 44.40 %
82%
South America Middle East & Africa

5. MARKET SEGMENTATION | 5.4 BY GEOGRAPHY | 5.4.4 REST OF THE WORLD
5.4.4.1 SOUTH AMERICA

◼ The electric vehicle charging station market in South America was valued at USD 0.09 billion in 2020, and it
is expected to reach a value of USD 0.63 billion by 2026, while registering a CAGR of 44.39%, during the
forecast period.
Revenue in USD billion, South America, 2019-2026
◼ The region is witnessing various companies' collaboration for expanding the charging network in coming
years. For instance, in December 2020. Carrefour, in Argentina, signed a contract with ChargeboxNet to
install 100 EVBox BusinessLine charging stations at the parking lots across the country. ChargeboxNet, will 0.63
be installing and maintaining the charging ports at Carrefour’s sites.
◼ Whereas in September 2020, Enex S.A, and Enel X, in collaboration for the development of the "ElectroRuta
Enel X" project, completed the installation of three new charging stations for electric vehicles at the Los
Domenicos, Los Trapenses and San Francisco de Mostazal Shell service stations in Chile. It is a part of the 0.44
installation of 1,200 chargers throughout Chile, from Arica to Punta Arenas, that will cover the entire
country with charging station at every 60 kilometers.
◼ Above mentioned instance is the extension of Enel X, as in October, Enel X creates first electric Pan- 0.30
American Charging Corridor. As part of the charging corridor, more than 220 JuiceBox charging points
were installed and are active in 11 countries: Argentina, Bolivia, Chile, Colombia, Costa Rica, Guatemala, 0.21
Honduras, Mexico, Nicaragua, Panama, and Peru.
0.14
◼ In February 2020, Energia SA and Audi partnered up to install 200 electric vehicle (EV) charging stations 0.11
0.09 0.10
across Brazil by 2022. The chargers will be of 22 kW of power and be fire, shock and weatherproof. Engie
plan is to reach 1 million charging units worldwide by 2025.
◼ Moreover, in 2020, Brazil’s EV charging infrastructure is being provided a boost with 30 different proposals
in a program from the Efficient Electric Mobility Solutions program. The program has been put together by 2019 2020 2021 2022 2023 2024 2025 2026
Aneel with a total budget of EUR 110 million.
◼ Automakers such as Volvo and BMW are also investing in these countries which is expected to make good SOURCE: Mordor Intelligence
progress in the region, which in-turn is expected to drive the electric vehicle charging station market.
5. MARKET SEGMENTATION | 5.4 BY GEOGRAPHY | 5.4.4 REST OF THE WORLD
5.4.4.2 MIDDLE EAST & AFRICA

◼ The electric vehicle charging station market in Middle-East and Africa was valued at USD 0.02
billion in 2020, and it is expected to reach a value of USD 0.13 billion by 2026, while registering
a CAGR of 44.4%, during the forecast period.
Revenue in USD billion, Middle East & Africa, 2019-2026
◼ In December 2020, a free public electric vehicle charging station was launched in the City of
Cape Town, this is the first of two solar-powered EV charging stations that will be offered free-
of-charge for the first two years to public. The chargers were donated to the City by the United
Nations Industrial Development Organisation (UNIDO). 0.13
◼ Previously in 2019, Airports Company South Africa and BMW South Africa have introduced the
BMW ChargeNow electric vehicle (EV) charging stations at O.R. Tambo International Airport,
Cape Town International Airport and King Shaka International Airport.
◼ The GCC country has launched a number of initiatives to support a transition to a greener and 0.09
more diversified economy as part of the Vision 2030 strategy.
➢ In August 2020, Dubai Electricity and Water Authority installed two electric vehicle (EV) 0.06
green charger stations at the offices of the World Expo., with further planning of adding 15
more stations at the Opportunity, Sustainability, and Mobility pavilions for EV owners at the 0.04
Expo that will run from 1st October 2021 to 31st March 2022.
0.03
➢ In December 2020, Saudi Arabia’s Red Sea Mall installed four EVlink electric vehicle 0.02 0.02
0.02
charging stations by Schneider Electric. The mall will offer free electric charging to its
customers. Previously in November, the company has installed three Electrical Vehicle DC
Fast charging stations at Prince Mohammad Bin Fahd University (PMU) in Saudi Arabia’
2019 2020 2021 2022 2023 2024 2025 2026
◼ As per as the aforementioned points it is expected that the Middle East & Africa market for
electric vehicle charging station market is expected to grow in the coming years, as in coming
years EV sales will increase in the region.
6. COMPETITIVE
LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles

6. COMPETITIVE LANDSCAPE
6.1 VENDOR MARKET SHARE
ELECTRIC VEHICLE CHARGING STATION MARKET ◼ The Electric vehicle charging station market is fairly consolidated, approximately 61% of
Market Share (%), Key Players, Global, 2020 the market share is held by few companies, such as The State Grid Corporation of
China, ABB, Siemens, Qingdao Tgood Electric Co., Ltd, and Tesla Inc..
◼ The electric vehicle charging station market is dominated by The State Grid Corporation
The State Grid Corporation of of China with about 36.67% market share, in terms of revenue followed by ABB. As of
China (SGCC), now the company has integrated over 1 million of charging stations covering 273 cities
from 29 provinces. The company is expanding its presence by making partnerships with
ABB major auto makers. For instance; in 2018 BMW and SGCC entered into a strategic
partnership under which SGCC will enable BMW car drivers access to more than
270,000 charging pillars in China by the end of 2020.
Siemens AG
◼ ABB is the second largest player in the electric vehicle charging station market holding
9.64% of total market share. The company has been one of the largest installed base of
39.05% 36.67% DC fast chargers. ABB expanding its presence in Africa, as the region is expected to
Qingdao Tgood Electric Co., Ltd
show swift growth in Evs, owing to which the company is actively participating and
showing its expertise in the area.
Tesla Inc. ◼ Siemens AG continues to focus on developing the new technologies market for
charging e-mobility. In September 2020, the company has received an order from Go
Bus, one of New Zealand's largest bus operators, to power two of their bus depots with
Star Charge charging infrastructure for e-Buses.
◼ The others category holds 39.05% of the total EV charging station market share and a
9.64%
group of companies which includes major player of the market such as Tgood, Tesla
ChargePoint Inc
2.23% Inc., Star Charge, and ChargePoint Inc. collectively holds 10-11% of the overall market
share. The Others category comprises of companies, such as EVBOX, Newmotion,
2.36%
Efacec, BP Pulse, Evgo among others. Individually they are not major players or holds
2.77% 2.95% 4.33% Others
significant market share, but these companies are emerging as competitors by
expanding their customer base, production footprints, and by making their product
more technologically viable.

6.2 COMPANY
PROFILES
6.2.1 ABB
6.2.2 ChargePoint Inc.
6.2.3 Schneider Electric SE
6.2.4 Siemens AG
6.2.5 Tesla Motors Inc.
6.2.6 Evbox (ENGIE)
6.2.7 Leviton Manufacturing Co. Inc.
6.2.8 SemaConnect Inc.
6.2.9 The Newmotion BV (Acquired by Shell)
6.2.10 Efacec
6.2.11 Evgo (Acquired by L.S Power)
6.2.12 EV Solutions (Webasto)
6.2.13 BP Pulse
6.2.14 Qingdao Tgood Electric Co. Ltd
6.2.15 Star Charge
6.2.16 The State Grid Corporation of China (SGCC)

6. COMPETITIVE LANDSCAPE | 6.2 COMPANY PROFILES
6.2.1 ABB – OVERVIEW

◼ ABB is a leading European industrial electrical equipment company that makes products used in
electrical grids and transmission, industrial automation, and production line robotics.
◼ ABB operates through four divisions: Electrification, Motion, Robotics & Discrete Automations, and
Industrial Automation.
◼ The Electrification division generates around 40% of ABB's sales and manufactures products and Founded in 1988
services, such as electric charging stations, solar energy products, control products, and intelligent,
automated home and building solutions.
◼ The Robotics and Motion division sells robotics, motors, generators, and digital solutions for Zurich, Switzerland, Europe
industrial applications, transportation, and utilities. It pulls in around a third of sales.
◼ The Industrial Automation division accounts for a quarter of sales and develops integrated https://new.abb.com/
automation and electrification systems and solutions, as well as services, such as remote
monitoring, preventive maintenance, and cybersecurity.
◼ Its new ABB Ability division develops "Industrial Internet of Things" solutions and has companies, +41-433177111
such as Shell Oil, BASF, Volvo, and BMW in its customers’ list.
ABB
USD 12.728 billion Revenue in USD million, 2018-2019
Electrification Business 144,400 Employees 27,978
Segment Revenue (2018)
27,662
Operations in more than 100
USD 1,198 million countries across Europe, Asia, Middle
R&D East, and Africa (AMEA) region, and
the Americas 2018 2019

6.2.1 ABB – PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
EV Charging Solutions offered by ABB as follows: ◼ ABB’s Ability taps into higher-growth segments, such as electric vehicle
◼ Car Charging charging, robotics, and food and beverage, by leveraging the shift in internet-
based technologies permeating the industrial sector.
➢ High Power Fast Charging
◼ The company continues to invest huge amounts in electric charging networks
➢ DC Fast Charging
across the developed world. ABB’s new connected Terra HP charging stations
➢ DC Wallbox were rolled out along a 1,300 km highway in Iceland and were selected for the
➢ EVLunic AC Wallbox Electrify America project, which will see electric charging stations set up
around 17 major metropolitan areas in the United States.
➢ Terra AC Wallbox
◼ Heavy Commercial Vehicle Charging ◼ Communication chips in the stations allow for their remote monitoring from a
central location. ABB launched around 210 ABB Ability solutions in total.
➢ Connector Charging
◼ Strategic partnerships enabled the company to secure growth opportunities.
➢ Pantograph Down
In April 2019, ABB and Porsche Japan partnered to develop advanced electric
➢ Pantograph Up vehicle chargers in Japan, which support power levels more than 150 kW and
➢ Flash Charging (TOSA) are compatible with the CHAdeMO fast-charging standard. In the same
month, ABB and Ericsson signed a memorandum of understanding to enhance
their joint vision for the future of flexible production with advanced
automation and wireless communication.

6.2.1 ABB – KEY DEVELOPMENTS

A Merger and Acquisition PL Product Launch E Expansion P Partnership
The new DC Wallbox for electric vehicle (EV) charging and

the ABB Connected@Home solution was displayed at the
All-energy event on 23rd-24th October 2019, in Melbourne,
Australia. The DC Wallbox by ABB AbilityTM was developed
for EV charging at offices, car dealerships, shopping areas,
hotels, and public parking places. The charge times offered
ABB completed the purchase of a majority stake in
by a direct current (DC) device is much shorter than that
Chargedot Shanghai New Energy Technology Co., a
offered by conventional alternating current (AC) devices.
NOV 2019 Chinese supplier of EV battery charging facilities.
PL P A
OCT 2019 ABB partnered with the European energy company, MAR 2020
Vattenfall, to develop a comprehensive electric vehicle
charging network in Sweden, with a complete solution
that includes both the fast-charging station and all the
necessary grid connection hardware. The technology from
ABB is now charging EVs at almost 40 public locations
across Sweden for Vattenfall.

6.2.2 CHARGEPOINT INC. – OVERVIEW

◼ ChargePoint Inc. is an electric vehicle infrastructure company based in California, United States. It
operates the largest network of charging stations (73% of Market Share )in the world, with
locations across North America and 16 European countries.
◼ The company offers solutions for commercial products (charging stations, Software-as-a-Service, Established in 2007
parts and labor warranty, ChargePoint-as-a-Service), fleet products (charging stations, annual
subscriptions, vehicle scheduling and fuel optimization subscriptions, energy management, California, United States
professional services for design, building, and construction) and residential products (ChargePoint
home charger, and multi-family charging solutions). http://www.chargepoint.com/
◼ The company partnered with 62% of the top 50 fortune companies to provide electric vehicle
+1-408-841-4500
charging solutions.
CHARGEPOINT INC.
Sales in USD million, Global, 2017-2019
USD 33 million ~600
Gross Profit in 2020 Employees (2020) 147.0
135.0
92.0
Over 4,000 business
USD 97 million Adjusted and organizations
EBITDA participating in the
charging network 2018 2019 2020

6.2.2 CHARGEPOINT INC. – PRODUCTS AND KEY TAKEAWAYS

PRODUCTS KEY TAKEAWAYS
◼ As a part of the company’s future expansion goal, it announced
◼ Hardware
➢ Development and acceleration of new products
◼ Commercial and Residential Chargers
➢ Invest incrementally in marketing and sales
➢ AC Charging Stations
➢ Fund more commercial and fleet
➢ CT4000
➢ Expand their European footprint
➢ CFP50
➢ Enable more strategic acquisitions
➢ DC Fast Charing Stations
◼ As a part of its expansion, ChargePoint Inc. also partnered with businesses
➢ Express 250
and building construction companies to setup its charging stations in the
➢ Express Plus parking lots. It partnered with LinkedIn, Sierra Nevada Brewing co, and
◼ Charge Point As Service Bozzuto Management Company.
◼ Software Solutions ◼ The company expressed and anticipated that it will reach a 60% revenue
CAGR between 2021 and 2026 and a total revenue of USD 2,609 million by
➢ Cloud Plans
2026. The company is expecting to ship around 425,060 charging ports
➢ ChargePoint Eco
annually, by 2026.
◼ Fleet Management and Electrification

6.2.2 CHARGEPOINT INC. – KEY DEVELOPMENTS

A Merger and Acquisition I Product Innovation E Expansion P Partnership
ChargePoint and Volvo announced a partnership to

provide Volvo electric car drivers to buy ChargePoint ChargePoint Inc. announced integration with
home charger and use the charging stations network Apple CarPlay. Drivers will be able to find nearby
in the United States and Canada, where ChargePoint chargers, check station status, start a session, and
has 115,000 charging stations. navigate to a station.
P I
NOV 2020 NOV 2020

6.2.3 SCHNEIDER ELECTRIC SE – OVERVIEW

◼ Schneider Electric SE is a multinational company providing energy and digital automation solutions
for efficiency and sustainability. It addresses homes, buildings, data centers, infrastructures, and
industries, by combining energy technologies, real-time automation, software, and services.
◼ The company operates in different segments, such as residential and small building solutions Founded in 1836
(electric car charging stations, network infrastructure, etc.), building automation and control, low
voltage products and systems, solar energy solutions, industrial automation and controls, critical Rueil-Malmaison, France
power, and cooling racks.
www.se.com
◼ The company generated EUR 20.8 billion in revenue from the energy management sector and EUR
6.3 billion from industrial automation, in 2019.
1800 103 0011
◼ The company has 191 factories across the world with 97 distribution centers.
SCHNEIDER ELECTRIC SE
Revenue in EUR billion, 2018-2019
EUR 27.2 billion ~135,000 Employees
Revenue in 2019 27.2
25.7
EUR 4.2 billion EUR 2.4 billion net

EBIT in 2019 income
2018 2019

6.2.3 SCHNEIDER ELECTRIC SE – PRODUCTS AND KEY TAKEAWAYS

◼ EVlink Parking
◼ Schneider Electric SE has been a leader in the digital transformation of
◼ EVlink Fast Charging Solutions energy management and automation.
◼ With the increasing demand for electric vehicle charging infrastructure, the
◼ EVlink Wallbox
company launched EcoStruxure, which is an e-mobility solution to capture
◼ EVlink Smart Wallbox the growing market.
◼ EVlink Load Management System ◼ Schneider Electric is working with several global leading automakers to
enable and increase its EV technology adoption through planning the
◼ EVlink Field Services
installation of charging stations in the United States and Europe for a major
EVs automaker, and additionally contributing to the installation of charging
stations with a capacity of up to 350 kWh for key automotive leaders across
Europe by the end of 2020.
◼ The company also announced that it would be replacing the company’s

14,000 car fleet with electric cars by 2030, which would be supported by its
charging infrastructure.
◼ To be in line with its expansion goals, the company invested in StarCharge,

which provides electric vehicle charging solutions in China.
◼ As a part of the expansion goals, the company installed EVlink charging

stations in Saudi Arabia Red Sea Mall.

6.2.3 SCHNEIDER ELECTRIC SE – KEY DEVELOPMENTS

Schneider Electric SE launched EcoStruxure, to The Schneider Electric SE announced

provide solutions for the entire end-to-end EV investment into Chinese EV infrastructure
charging infrastructure value chain. developer StarCharge of USD 125 million.
P P
SEP 2019 OCT 2020

6.2.4 SIEMENS AG – OVERVIEW

◼ Siemens AG is one of the largest electronics and industrial engineering companies in the
world. It manufactures everything from healthcare and building technologies to factory
automation and power distribution equipment. Siemens has facilities in most corners of the
world and serves a global customer base of manufacturers and construction, energy, and
healthcare businesses.
Founded in 1847
◼ Siemens operates its business through different segments, such as the digital segment
(accounting for 20% of the revenue), gas and power (generating 20% of the sales revenue),
smart infrastructure (accounting for 15% sales revenue), mobility segment, financial service Berlin, Germany
and portfolio companies (accounting for 5% of the revenue), and wind energy.
◼ The company generated EUR 14,323 million in revenue from the smart infrastructure segment www.siemens.com
operations.
◼ In 2020 Europe and the Middle East & Africa accounted for almost 30% of the sales. Other
1800 209 1850
important regions are China (12.7%), Asia-Pacific (11.1%), Americas (4.3%), Germany (17%),
and the United States (22.7%).
SIEMENS AG
Revenue in EUR million, Global, 2019-2020
EUR 57,139 million 293,000
Revenue (2020) Employees 58,483
57,139
EUR 4,60 million

EUR 20,187 million
R&D Expenses
Gross Profit(2020)
(2020) 2019 2020

6.2.4 SIEMENS AG – PRODUCTS AND KEY TAKEAWAYS

◼ E-Bus Charging infrastructure (Sicharge UI Family) ◼ As a part of the company’s Vision 2020+, it implemented a new
organizational structure in 2019, consisting of three main segments, Digital
◼ eCars fast-charging infrastructure
industries, Smart Infrastructure, and Gas and Power.
➢ Wallbox VersiCharge IEC
◼ To mark the company’s presence in the market, it partnered with OEM’sm
➢ VersiCharge AC Series Businesses, fleet operators, charge point operators, such as Volkswagen, and
ubitricity to provide charging solutions to the growing electric vehicle market.
◼ As a part of its strategic expansion, the company also announced it is in talks

with GM to become an exclusive operator for GM EV vehicle charging.
◼ The company has a wide portfolio of EV infrastructure. It also offers

automated charging stations, including SIMATIC controllers, components
expanding as a part of company's portfolio expansion.
◼ The company is further increasing its market foothold by investing in other

EV charging station companies. For instance, Siemens AG invested USD 43
million in ChargoPoint Inc.

6.2.4 SIEMENS AG – KEY DEVELOPMENTS

Siemens AG launched new high-power charger

Siemens AG along with ubitricity, Westminster city, Sicharge D. It features scalable, high charging
have launched electric vehicle charging converted power of up to 300 kW. The charging station also
lampposts. Presently there are 1,300 lamppost supports voltages between 150 and 1,000 volts
chargers in London, United Kingdom. and charging currents of up to 1,000.
P I
MAR 2020 JAN 2021

6.2.5 TESLA INC. – OVERVIEW

 Tesla designs, develops, manufactures, and markets high-performance, technologically advanced
electric cars and solar energy generation and energy storage products.
 The company operated through two segments : automotive and energy storage and generation.
The automotive segment generated 85% of the revenue. The company's energy generation and Founded in 2003
storage segment (just over 5% of revenue) makes and sells stationary energy storage products and
solar energy systems to residential and small commercial customers. Its Powerwall lithium-ion California, United States
battery with integrated inverter system is designed to store energy at a home or small commercial
facility. www.tesla.com
 The company has more than 2,000 supercharger stations with 20,000+ super chargers across the
+1-650-681-5000
world. 1049 in North America, 589 in Europe and 423 in Asia-Pacific region.
TESLA INC
Revenue in USD million, Global, 2018-2019
USD 24,578 million 48,016
Revenue (2019) Employees
24,578
21,461
USD 4,069 million USD 20 million
Gross Profit (2019) EBIT
2018 2019

6.2.5 TESLA MOTORS INC. – PRODUCTS AND KEY TAKEAWAYS

◼ Home Charger ◼ Tesla’s extensive network of chargers is what makers it different from its
◼ Supercharger competitors. Other competitors have partnered with charging operators and
explored their own solutions but only Tesla has a vast network in North
◼ Commercial Charger
America, Europe, Middle East, and Asia that’s fully integrated with the
company’s vehicles.
◼ Tesla is installing Superchargers in urban areas where city dwellers and out of
town visitors can easily charge. These stations are placed at convenient
locations like grocery stores, downtown districts, and shopping centers so
charging fits seamlessly into your life. Tesla also partnered with hotels,
restaurants, shopping centers and resorts.
◼ Charging costs for Tesla costs USD 8 as compared to USD 10 for gasoline
when driven 100 miles for Model S and the Super charger takes 1 hour and
20 mins to charge from 0% to 80%.
◼ As a strategic growth plan, Tesla also launched largest charging stations in
Germany and China in the respective countries, expanding their network
presence into other major regions.

6.2.5 TESLA MOTORS INC. – KEY DEVELOPMENTS

Tesla and Fastned together opened the

largest (in the European region) electric Tesla Inc. opened the world’s largest charging
vehicle charging station in Germany. station in China with 72 charging stalls.
P E
OCT 2020 JAN 2021

6.2.6 EVBOX (ENGIE) – OVERVIEW

◼ In March 2017, Engie acquired EV-box, which is one of the largest electric vehicle-charging players.
◼ Engie is Europe's top power, gas, and infrastructure player. It is engaged in the production of
natural gas and electricity, the development and maintenance of major natural gas and electricity
infrastructures, and the creation and marketing of energy and environmental services. Established in 2010
◼ The company also offers electric vehicle charging solutions, such as EV fleet management, easy-to-
Netherlands
use charge points, infrastructure installations, remote charging points monitoring, and
maintenance.
www.evbox.com
◼ In 2019, the company placed 41,848 charging points across the world. It also entered El Salvador,
Panama, Dominican Republic, Trinidad & Tobago, and Curacao markets. +1 713 309 7200
EVBOX (ENGIE)
Sales in EUR million, Global, 2018-2019
EUR 60 million 650+
Revenue in 2019 Employees 60.0
26.0
EUR 13.8 million Presence in 75

Gross Profit Countries
2018 2019

6.2.6 EVBOX (ENGIE) – PRODUCTS AND KEY TAKEAWAYS

◼ Fast Charger ◼ EVbox is present in more than 75 countries, with 200,000 EV charging ports
◼ Commercial Charger and 5,000+ DC fast charging public stations installed globally.
◼ The company offers fast chargers, commercial chargers, residential chargers,

◼ Residential Charger
software for monitoring, installation, and smart charging services.
◼ Commercial and Residential Charging Management Software ◼ As a part of its subscription offering, the company partnered with various
charging providers in the Netherlands, Germany, Belgium, and other regions
to provide customers with continuous and uninterrupted services.
◼ To strengthen its trust with the customers, the company partnered with
Allego, ANWB, Blue Corner, E-Flux, Mobility+, ChargePoint, and others, to
provide continued subscription services without interruption to its
customers.
◼ As a part of the company’s expansion, it announced the expansion in the

European region to roll-out charging infrastructure across 44 countries.
◼ As a part of new technology innovation, the company announced the launch

of the 5th generation embedded system and 2nd generation cloud platform
for 2021.
◼ For the upcoming years, Europe remains the company’s main region of
focus, followed by the United States.

6.2.6 EVBOX (ENGIE) – KEY DEVELOPMENTS

Engie announced the deployment of electric charging Scania, EVBox Group, and ENGIE announced the partnership
stations in Starsbourg. The company also said within 2 years, to accelerate the development of electric bus and truck
there will be over 90 charging stations in the city. transport charging solutions in Europe.
I P
JUN 2020 NOV 2020

6.2.7 LEVITON MANUFACTURING CO. INC. – OVERVIEW

◼ Leviton manufacturing Co. Inc. manufactures switches, plugs, and connectors for home and
commercial uses and has data center connectivity and energy-efficient lighting systems, lighting
controls, and voice and data equipment.
◼ The company operates through five business units: Residential, Commercial and Industrial, Lighting Founded in 1906
and Energy Solutions, Network Solutions, and Security and Automation. Leviton also has an
New York, United States
international division.
◼ The company added offices in China, India, Dubai, South Africa, and South Korea, among other
http://www.leviton.com/
countries, to facilitate international sales. While the company manufactures products in the United
States, Mexico, and China, it sells products in more than 90 countries in 17,000 distribution locations +1-631-812-6000
worldwide. Leviton also operates a dozen sales offices and manufacturing plants.
USD 1.4 billion ~6,500

Annual Sales Employees

6.2.7 LEVITON MANUFACTURING CO. INC. – PRODUCTS AND KEY

TAKEAWAYS
◼ Leviton Manufacturing Co. Inc. offers a complete line of electric vehicle supply
➢ Evr-Green 40 amp
equipment (EVSE) and support services.
➢ Evr-Green 30 amp
◼ It has EV charging solutions for residential and commercial purposes.
➢ Evr-Green 30 amp with RFID
◼ As a part of its offering, the company offers subscription services to its
➢ Evr-Green 20 amp mini charger customers, including RFID cards, to let customers charge on the go without
➢ Evr-Green 4000 Charging Stations the need for mobile or credit cards.
◼ While many other companies are launching new solutions and products for
the EV charging market, the company has not been on par with its
competitors.
◼ The company has been concentration on other electric and electronics

segments, which led to a decrease in its EV chargers and solutions sales.

6.2.8 SEMACONNECT INC. – OVERVIEW
◼ SemaConnect is a developer and producer of smart networked Electric Vehicle charging stations
and electric vehicle software for station owners and EV drivers. The company was launched in
2008 with the first ChargePro 620 edition and EV software called SemaCharge. Founded in 2008
◼ SemaConnect designs, manufactures, and distributes electric car charging stations for retailers,
Maryland, United States
hotels, and commercial properties.
◼ SemaConnect is a partner to premier properties across the United States and boasts relationships http://www.semaconnect.com/
with some of the most well-known commercial brands in the building space, including CBRE, JLL,
Hines, Greystar, Cisco Systems, and Standard Parking. +1-301-352-3730
USD 59.08 thousand ~30


6.2.8 SEMACONNECT INC. – PRODUCTS AND KEY TAKEAWAYS

◼ Series- 7 Chargers for Fleet ◼ SemaConnect is entirely focused on providing EV charging solutions to
residential and commercial spaces, which led to increasing their market
◼ Series-6 for Commercial
presence in the United States.
◼ Series-5 for multifamily
◼ As a part of the company’s expansion in the market, it partnered with many
◼ Charging as Service construction companies, hospitals, corporations, fleet owners, municipalities,
retailers, and universities to provide charging solutions.
◼ Mountings- wall/pole mount, and single/double pedestal
◼ With focused investment into R&D, SemaConnect launched Level 2 charging
stations that consume almost the same power as home chargers, which led to
an increase in demand for level 2 chargers for the company.

6.2.8 SEMACONNECT INC. – KEY DEVELOPMENTS

SemaConnect launched electric vehicle load management

for electric stations. SemaConnect station owners can
manage power with peak power management and power-
SemaConnect launched a new electric vehicle sharing management features, minimizing their operational
charging solution named Series-7. and capital expenditures while able to service more EVs.
I I
AUG 2020
JAN 2021

6.2.9 THE NEWMOTION BV (ACQUIRED BY SHELL) – OVERVIEW
◼ In 2017, Shell agreed to buy NewMotion, which was one of Europe's largest electric vehicle
charging networks.
◼ As a leading company in smart charging solutions for electric vehicles in Europe, the company has
Founded in 2009
more than 60,000 charge points across the European region and provides access to a roaming
network of more than 150,000 charge points across 35+ countries in Europe, for more than
Holland, Netherlands
250,000 registered drivers charge cards.
◼ The company’s association with Shell is serving them with the trust of customer, and is helping the http://www.newmotion.com/
company with Shell’s resources
+81-3-3245-5111
ROYAL DUTCH SHELL PLC

Revenue in USD Million, Global, 2017-2019
USD 344,877 million ~83,000 Employees
Revenue in 2019
USD 30,175 million 3,05,179.0 3,88,379.0 3,44,877.0

USD 15,842
Operational Profit in
Net Profit in 2019
2019 FY 2017-18 FY 2018-19 FY 2019-20

6.2.9 THE NEWMOTION BV (ACQUIRED BY SHELL) – PRODUCTS AND KEY

TAKEAWAYS
◼ The Newmotion BV is owned by Shell, one of the well renowned companies
◼ Business Chargers
across the world.
◼ Home Chargers
◼ With the presence of Shell across the world, the Newmotion BV is profited by
◼ Go-to Chargers the already existing gasoline stations, and the company is looking forward to
set-up the EV chargers along the gasoline stations
◼ The company’s smart charging network helps them enable dynamic charging
speeds and timing that help balance the grid, as well as administration,
automation, and optimization to maximize charge point utilization.
◼ This smart charging network helps the company with payment functionalities
and data insights to help them predict the high demand areas where they
could possibly setup future EV charging stations.
◼ As a part of its portfolio expansion, the company also offers V2C bidirectional
charging solutions.
◼ In the upcoming years, the company is focused to develop EV charging

infrastructure in Netherlands, Germany, France, and the United Kingdom.

6.2.9 THE NEWMOTION BV (ACQUIRED BY SHELL) – KEY DEVELOPMENTS
NewMotion BV and Europcar Mobility

NewMotion partners with BMW to enable
group partnered to enable electrification
BMW customers to use Newmotion
of rental fleet across Europe
Charging stations
P P
NOV 2020 NOV 2020

6.2.10 EFACEC – OVERVIEW

◼ Efacec is a Portugal based company, which is primarily engaged in manufacturing electric motors
(except engine starting motors) and power generators; motor generator sets; railway motors and
control equipment; and motors, generators, and control equipment for gasoline, electric, and oil-
electric buses and trucks.
◼ The company’s businesses are segmented into Transformers, Energy, Equipment, Automation,
Electric Mobility, Environment and Industry, Transport, and Services Established in 1948
◼ The company generated 27% of the revenue in 2019 from Portugal and EUR 41 million from the
electric mobility sector of the company. Portugal
◼ Efacec supplied 40 public charging stations to COPEC Oil & Gas with an additional order to supply
85 units in 2020. http://www.efacec.pt/
◼ The company installed first ultra-fast charger in Monaco, with 160Kw of power.
◼ As a part of the expansion of its electric charging station network, the company installed 90 ultra- +351-229562300
fast chargers, model HV350 in Central Europe.
EFACEC
Revenue in EUR million, Global, 2018-2019
EUR 354 million 2531
Revenue in 2019 Employees (2019) 433.2
354
EUR 22 million 3.1% investment in R&D in

EBTDA IN 2019 2019
2018 2019

6.2.10 EFACEC – PRODUCTS AND KEY TAKEAWAYS

◼ As a part of expanding the company’s Emobility platform, it has announced
◼ Home Charger
the following measures:
◼ QC20 ◼ Focus on value added initiatives and orientation toward low-cost electric
◼ QC24S chargers
◼ Focusing on already existing company expansion plans and restructuring

◼ QC45
them
◼ QCBus ◼ Identifying new technologies and adopting them
◼ High Power ◼ Increasing revenue from new mobility solutions
◼ Public Charger ◼ Optimization of the supply chain for better and efficient delivery of their
products
◼ Pole Mount
◼ The company has also announced to focus on developing their market
presence for EV chargers in Northern Europe, Middle East and Latin America
regions
◼ The company is also participating in 7 of the largest EV projects across the

world as a part of their market expansion into new geographies
◼ In 2020, the company has also spent EUR 2 million to expand its main market
of Portugal which translated to 100 fast electric chargers

6.2.10 EFACEC – KEY DEVELOPMENTS

Virta, Efacec, Department of Energy Association of Yonne and

Hubject together announced the launch of plug and charge
Efacec was chosen to design and install ultra-fast chargers project in France in early 2020. The new technology no longer
in Monaco. With 160 kW power level the chargers can requires an RFID card or smartphone app to gain access to
charge up to 920 volts and is designed to serve long- public charging stations. Instead, it uses blockchain technology to
range and normal range electric vehicles communicate with car and access digital key
E P
JUN 2019 OCT 2019

6.2.11 EVGO – OVERVIEW
◼ EVgo is an integrated charging company that develops, owns, and operates a charging network,
provides network management services in the United States.
◼ Through its partnerships with leading automakers, fleet and rideshare operators, EVgo has steadily
Established in 2010
expanded over the last decade to become the largest platform for EV public fast charging in the
United States. United States
◼ EVgo has 42% market share of urban DC fast chargers with capacity greater than or equal to 44kW.
http://www.evgo.com
◼ It has more than 800 locations in 67 major metropolitan markets across 34 states, EVgo’s network
serves a customer base of more than 220,000 customers.
+1 877-494-3833
EVGO
Revenue in USD million, 2019-2020
USD 14 million 15 GWh Throughput
Revenue 2020 in 2020 18.0
14.0
USD 29 million 52% Operational Profit in

Adj. EBITDA in 2020 2020
2019 2020

6.2.11 EVGO – PRODUCTS AND KEY TAKEAWAYS

◼ Level 1 Charger ◼ EVgo is one of the largest and leading operators of fast charging EV stations
in the United States and owns the largest DC charging network in the
◼ Level 2 Charger
United States.
◼ DC Fast Charging
◼ As a part of expanding its market share, the company has partnered with
fleet operators, such as Uber and Lyft. The company has a USD 300 billion
commitment with OEMs for charging solutions in the United States.
◼ The company has also partnered with municipalities and is focusing on

development of EV stations in distant parts of the United States.
◼ The company’s unique selling point is that it provides all different types of
charging solutions (CCS, CHAdeMO, and Tesla), whereas most of their
competitors have limited options.
◼ They have also launched bilateral charging solutions, helping them increase
their market presence.
◼ The company has high cash flow and offers significant capital for the
development of EV charging stations.

6.2.11 EVGO – KEY DEVELOPMENTS

General Motors partnered with EVgo to add 2,700 new fast

chargers, which can be accessed by the general public in EVgo launched charging platform for BMW
the United States over the next five years vehicles across the United States
P P
JUL 2020 JAN 2021

6.2.12 EV SOLUTIONS (WEBASTO) – OVERVIEW

◼ Webasto’s core business focuses are on automotive roofs, including sunroofs, panorama roofs and
convertible roofs, as well as thermal comfort systems. In recent years, the company has gained an
increasing focus on electromobility, manufacturing electric heating systems, charging solutions,
and battery systems.
◼ In 2019, the company restructured its organization into the following three business units: Roof & Established in 1901
Components (Develops and produces sunroofs, panorama, and convertible roofs), Energy &
Components (Develops and produces battery systems, charging solutions, and electric and fuel-
operating heating systems) and Customized Solutions (Offers solutions and services based on the Stockdorf, Germany
company’s product range for end customers, trade partners, and manufacturers of special
vehicles).
http://www.webasto-group.com/
◼ In 2019, the company generated sales of around EUR 3.7 billion and had almost 14,000 employees
at more than 50 locations (with over 30 of these being manufacturing plants).
◼ In 2019, Asia was the region with the highest sales for Webasto with 46% followed by Europe +351-229562300
(36%) and Americas (18%).
WEBASTO
Revenue in EUR Billion, Global, 2018-2019
EUR 3.7 billion 13,954
Revenue 2019 Employees (2019) 3.7
3.4
1% of Total Revenue from
EUR 625.2 million Gross
Batteries and Charging
Profit in 2019
Solutions 2018 2019

6.2.12 EV SOLUTIONS (WEBASTO) – PRODUCTS AND KEY TAKEAWAYS

◼ The company has a high presence in the developing/emerging regions which
◼ Residential Charger
could help company establish themselves as a major player in those regions
➢ TurboCord
◼ The company’s strong R&D has helped them provide low-cost offerings as
➢ Wall-Mounted EV chargers compared to their competitors.
➢ TurboDX ◼ As a part of strategic expansion, the company has partnered with many OEMs
◼ Commercial Chargers to provide fast charging solutions such as Ford, BMW, Chevrolet, Volvo,
Lincoln, Fiat, Kia, Mini, Mitsubishi, and many more.
➢ TurboDX
◼ EV Solutions is also the office home charger provider for the above-
mentioned partnered brands.
◼ They also offer remote enabled EV charging solution under the product name
of Webasto Live.

6.2.12 EV SOLUTIONS (WEBASTO) – KEY DEVELOPMENTS

Webasto launched TurboDX level-2 charging

station. It is compatible with both plug-in hybrid
and battery electric vehicles. APR 2020
I P
NOV 2019 Webasto has partnered with Scania to sell its
charging stations for the plug-in hybrid truck by
Scania across Europe

6.2.13 BP PULSE – OVERVIEW

◼ Chargemaster was acquired by BP Plc in 2008 and formed BP Chargemaster. Later, the company
was renamed to BP Pulse.
◼ BP is one of the largest oil and gas companies in the world. With proven reserves of approximately
20 million barrels of oil and oil equivalents, BP explores, produces, and sells oil and gas, fuels, Established in 2008
lubricants, wind power, and biofuels. With presence in some 80 countries, it sells 12 million ton of
petrochemical products annually through contracts or via 18,900 retail sites. United Kingdom
◼ As of December 2019, BP had 18,900 branded service stations including 7,200 in the United States;
http://www.bpchargemaster.com/
8,200 in Europe; and 3,500 in Rest of world.
◼ The company installed 167 charging stations in 2020 in the United Kingdom, which was the +44-2074964000
highest in the company and the network delivered around 16 million kWh of energy.
BP PULSE
Revenue in USD million, Global, 2018-2019
USD 278,397 million 70,100
Revenue 2019 Employees (2019)
2,98,756.0
2,78,397.0
USD 68,725 million Gross 16 Million kWh Energy

Profit in 2019 Delivered in 2019
2018 2019

6.2.13 BP PULSE – PRODUCTS AND KEY INSIGHTS

PRODUCTS KEY INSIGHTS
◼ As a part of company’s expansion process, It has already committed to
◼ Home Charger
increase its network of ultra-fast chargers more than ten-fold to 700 by 2025,
◼ BP Pulse Subscription doubling again to 1,400 by 2030.
◼ Chargers for Business ◼ To increase its market presence and share in developed nations, in 2019, it
signed a contract with didi to build electric vehicle charging stations.
◼ In the United Kingdom, the company has also begun began installing 150kwh
ultra fast charging stations to increasing its already high market share
◼ The BP gasoline stations across the world are acting as infrastructure for
replacing regular gasoline stations with EV stations
◼ The pricing for BP pulse ultra fast stations include:
➢ As subscription service – 27p per kWh
➢ Instant access- 42p per kWh
➢ Contactless- 42p per kWh
◼ As a part of company’s expansion, the company has partnered with BMW,

Jaguar, Land Rover, Mercedes-Benz, Levc, Mini, Mitsubishi Motors, Renault,
Toyota, and many other OEMs to provide charging infrastructure.

6.2.13 BP PULSE – KEY DEVELOPMENTS

BP Pulse partnered with Jumptech. The Jumptech platform

will help to streamline EV charge point installations by
BP Pulse becomes official EV Charger provider to simplifying processes and improving information flows to
Kia Motors in the United Kingdom and from the customer.
P P
NOV 2020 JAN 2021

6.2.14 QINGDAO TGOOD ELECTRIC CO. LTD – OVERVIEW

◼ Qingdao Tgood Electric Co. Ltd is primarily engaged in manufacturing switchgear and
switchboard apparatus. It is the largest company in terms of EV charging stations in China.
◼ The company operates through the following division, Mining, Oil and Gas, Railways, Utilities, and
Renewables.
Founded in 2004
◼ In 2019, the company launched high power charging and group charging solutions into the
international market. As of December 2019, Tgood provided around 148,000 public electric Shandong, China
vehicle charging poles in China (30% of total chargers in China). And has installed 18,000
charging terminals for buses worldwide.
http://www.tgood.cn/
◼ The diversified portfolio of company’s EV charging solution comprises individual DC fast
chargers, pantograph and innovative group charging systems. +86-53280938126
USD 658 million ~5,900


6.2.14 QINGDAO TGOOD ELECTRIC CO. LTD – PRODUCTS AND KEY

TAKEAWAYS
◼ High Power Chargers ◼ Over 7000 prefabricated substation solutions and eHouses produced
annually..
◼ Charging Stations
◼ In 2019, the company launched High power charging (HPC) and group
◼ Wireless Charging
charging solution in the global market.
◼ Group Charging Solutions

6.2.15 STAR CHARGE – OVERVIEW
◼ Star Charge, specialized in developing and manufacturing the new energy vehicle charging
equipment, also provides a platform that compatible with all standards models.
◼ Its production lines cover AC and DC equipment, charge cable connector, power module,
Founded in 2014
intelligent electric cabinet, switching equipment, and many more.
◼ Star Charge has developed into a mainstream private electric vehicle charging operator in China, Changzhou, China
it has a significant advantage in high-power charging technology and intelligent operation and
maintenance platform. http://www.starcharge.com/
◼ Currently, there are nearly 4,000 of self-built charging equipment terminals on the platform and
120,404 EV charging stations in China. 400-8280-768
85,000 chargers
100+
Corporate clients
cover 220 cities in
China

6.2.15 STAR CHARGE – PRODUCTS AND KEY TAKEAWAYS

◼ Ranking first in terms of charge level per day, the company has one of the
◼ Charger Power Station
largest private charge piles in China
◼ Residential and Private Charger ◼ As a part of company’s expansion, they have more than 30 vehicle companies
◼ Enterprise and Institution Charging Solutions around the world which have become its strategy partners, including foreign-
invested enterprises such as Jaguar, Land Rover, Hyundai Motor, and domestic
◼ Logistics Chargers enterprise such as BYD, BAIC.
◼ Public Bus Chargers ◼ The company has started a global initiative to franchise its installations and
maintenance services across South East Asia, South America, Oceania, Middle
◼ Public Quick Charger East, Africa and Europe.
◼ Through informatization of supply chain, R&D, production, operation and

maintenance of the construction of a digital platform for the whole life cycle
of charging piles, Star Charge improved the efficiency of operation and
maintenance.
◼ For example, in Taiyuan, they have more than 3,300 fast-charging piles that
are used at high frequency and high intensity, which normally requires 20
operation and maintenance engineers. However, because of the advanced
intelligent operation and maintenance platform, they only need two
engineers to perfectly escort the smooth use of the local 8,300 electric taxis.

6.2.15 STAR CHARGE – KEY DEVELOPMENTS

Star Charge partnered with Vietnam’s VinBus to help

electrify its buses. The company will be providing smart
charging solutions to VinBus. SEP 2020
P P
The company completed USD 125 million Series A round funding
NOV 2020
which will be utilized for expansion and R&D. The company
announced it will focus on advanced technology products, such as
high-power liquid-cooled charging system, V2X, wireless
charging, and robotic arm charging.

6.2.16 STATE GRID CORPORATION OF CHINA – OVERVIEW

◼ The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-
owned electric utility corporation. It is the largest utility company in the world, and as of 2020, the
world's third largest company overall by revenue.
Established in 2002
◼ The company is present in 26 provinces and covers 88% of the China mainland.
◼ The company has invested in and operated energy networks in nine countries and regions, Beijing, China
including the Philippines, Brazil, Portugal, Australia, Italy, Greece, Oman, Chile, and Hong Kong.
http://www.sgcc.com.cn/
◼ SGCC has built 5,526 charging and battery swap stations and more than 40,000 charging points
since 2006, with a fast-charging motorway network that covers 121 cities in 16 provinces where
+86-5965299605
the average distance between stations is less than 50 kilometers.
STATE GRID CORPORATION OF CHINA

Revenue in RMB Trillion, Global, 2017-2018
RMB 2.66 Trillion Over 1.556 Million
Net Sales in 2019 Employees 2.66
2.56
RMB 4146.3 Billion Total RMB 9.7 Billion into R&D

Assets in 2018
2018 2019

6.2.16 STATE GRID CORPORATION OF CHINA – PRODUCTS AND KEY

TAKEAWAYS
◼ State Grid Corporation of China smart internet of EVs platform has integrated
◼ EV charging solutions for
1.03 million charging piles covering 273 cities from 29 provinces and which
◼ Residential Purposes
are serving to almost 5.5 million EVs.
◼ Commercial Purposes ◼ Among the over 1 million charging piles, 626 thousand are for public use,
accounting for 93% of the total public charging piles in China and 380
thousand are private charging piles, which occupy nearly 46% of the total
private EV charger market in China.
◼ To expand its market presence and increase market share, The company has
also announced that it will also be working to reduce the maximum distance
between charging stations to less than 5 kilometers in suburban areas, less
than 3 kilometers in inner suburbs, and less than 1 kilometer in urban areas in
the upcoming years.
◼ With the expansion into Philippines, Brazil, Portugal, Australia, Italy, Greece,
Oman, Chile, and Hong Kong, the company is looking to expand its
geographical presence in emerging economies.

6.2.16 STATE GRID CORPORATION OF CHINA – KEY DEVELOPMENTS

BMW partnered with State Grid Corporation of China to

double the number of BMW charging stations in Beijing.
With the partnership, BMW also aims to provide charging State Grid Corporation of China announced they will build
station every 50 kilometers on Chinese intercity highway. 300,000 intelligent charging stations in the upcoming years.
P E
JUN 2020 NOV 2020

7. MARKET
OPPORTUNITIES AND
FUTURE TRENDS

7. MARKET OPPORTUNITIES AND FUTURE TRENDS
◼ Improvements in charger technology are set to have a profound effect on the charging time of electric
vehicles in the coming years. Despite the current fast charger set-up, there is still a plenty of room for
improvement.
◼ Companies are also working on a radical new technology, like utilizing robots for charging the electric
vehicle without any human intervention. For instance,
➢ In December 2020, Volkswagen Group Components introduced its prototype of mobile charging
robot. The charging robot through a Car-to-X communication can operate totally autonomously. It
independently steers the vehicle to be charged and communicates with it; it starts from opening the
charging socket flap to connecting the plug and decoupling it.
➢ Whereas in case to charge several vehicles at the same time, the mobile robot moves a mobile
energy storage unit, to the vehicle, connects it up and then uses this energy storage unit to charge
the electric vehicle battery. The energy storage unit stays with the vehicle during the charging
process. In that duration, the robot charges other electric vehicles. Once the charging service has
ended, the robot independently collects the mobile energy storage unit and takes it back to the
central charging station.
➢ There are various economical possibilities, as it can enable the operators of parking bays and
underground car parks to quickly and simply convert every parking space to charging station by
using the mobile charging robot. This will reduce any construction work and it will reduce the
potential cost.
◼ Several advancements in DC charging technologies are underway, and by the end of the forecast period,
it is expected that the charging time will almost become half, while charging cost will reduce, compared
to the today charging technologies.
114 REPORT – ELECTRIC
REPORTVEHICLE
– ELECTRIC
CHARGING
VEHICLE
STATION
CHARGING
MARKET
STATION MARKET
◼ There are several companies who are working towards making charging station dynamic and compact,
For instance:
➢ In April 2020, Volkswagen Group Components and the Chinese start-up Shanghai DU-POWER
New Energy Technical Co. Ltd signed in an agreement to work together to produce flexible quick
charging stations in China.
➢ With compact dimensions, the flexible quick charging station can be installed anywhere it’s
needed. When connected to the low voltage grid, the station can also become a permanent
charging point without the additional cost and effort that was required for a comparable fixed
quick charging station.
➢ The built-in battery pack can store a buffer of energy due to that it can be disconnected from the
grid, this then eases the strain on the power grid, at peak times. To ensure the sustainable use of
resources, the charging station is also designed to be able to use old batteries from electric
vehicles as energy accumulators in future. From this quick charging technology, electric vehicles
can be charged with up to 150 kW.
◼ Moreover, major companies are investing in the wireless charging solutions to stay ahead from their
competitors, such as
➢ In November 2020, Mitsubishi Corporation invested in WiTricity, a company that sells wireless-
charging systems for plug-in cars. WiTricity claims that it held more than 1,000 patents worldwide
related to the wireless charging technology.

REPORTVEHICLE
– ELECTRIC
CHARGING
VEHICLE
STATION
CHARGING
MARKET
STATION MARKET
 Various other research bodies are also working toward wireless electric vehicle charging. For instance,
In October 2020, SAE International published two new documents regarding a safe and efficient
method for transferring power from a charging station to the electric vehicle. Under which SAE J2954
establishes the first standard for wireless power transfer for both electric vehicle and Electric Vehicle
Supply Equipment (EVSE). This enables light duty electric vehicles and infrastructure to safely charge
up to 11kW, over an air gap of 10 inches with up to 94% efficiency.
 Government initiatives are expected to play a crucial role in promoting electric vehicles in many
countries. Several countries are implementing plans to ban petrol and diesel cars in the 2030 - 2040
timeframe, to reduce emissions and encourage the sales of EVs. Moreover, several tax relaxations and
incentives for EVs are also being put in place to encourage the sales of EVs.
 The results have started to show in the European countries, where electric vehicles have witnessed
an increase in adoption. In the coming years, China, the United States, and a few European countries,
like Norway and France, are well positioned to take the leading role in electric vehicles during the
forecast period, owing to the such supporting government policies.
 The overall automotive market may be restrained in the immediate future due to the impact of the
COVID-19 pandemic. But the sales of EVs reached new heights by registering highest sales number ,
in 2020, thereby, helping the market for the electric vehicle charging station to grow.

REPORTVEHICLE
– ELECTRIC
CHARGING
VEHICLE
STATION
CHARGING
MARKET
STATION MARKET
8. ELECTRIC VEHICLE
SUPPLY EQUIPMENT
(EVSE) SALES VOLUME
IN UNITS, BY COUNTRY
8.1 China
8.2 United States
8.3 Netherlands
8.4 Germany
8.5 Japan
8.6 France
8.7 United Kingdom
8.8 Sweden
8.9 Norway
8.10 Korea
8.11 Finland
8.12 Canada
8.13 India

8. ELECTRIC VEHICLE SUPPLY EQUIPMENT (EVSE) SALES VOLUME IN UNITS, BY COUNTRY
8.1 CHINA
ELECTRIC VEHICLE SUPPLY EQUIPMENT (EVSE)

Sales Volume in Units, China, 2019-2026
84,47,561
58,46,186
40,96,205
28,37,231
19,53,592
15,54,245 13,71,406
11,65,684
2019 2020 2021 2022 2023 2024 2025 2026

8.2 UNITED STATES

Sales Volume in Units, United States, 2019-2026
2,70,300
2,25,923
1,88,832
1,57,831
1,26,989 1,31,919
1,10,261
1,01,589
2019 2020 2021 2022 2023 2024 2025 2026

8.3 NETHERLANDS

Sales Volume in Units, Netherlands, 2019-2026
1,52,977
1,26,583
1,04,254
86,696
71,757
67,410
57,300 59,399
2019 2020 2021 2022 2023 2024 2025 2026

8.4 GERMANY

Sales Volume in Units, Germany, 2019-2026
2,62,349
1,93,994
1,42,728
1,04,454
77,322
66,700
56,609
50,024
2019 2020 2021 2022 2023 2024 2025 2026

8.5 JAPAN

Sales Volume in Units, Japan, 2019-2026
35,298
26,175
19,413
14,340
10,593
7,860
1,839 1,470
2019 2020 2021 2022 2023 2024 2025 2026

8.6 FRANCE

Sales Volume in Units, France, 2019-2026
36,370
33,017
29,848
27,224
25,314 24,617
22,362
20,759
2019 2020 2021 2022 2023 2024 2025 2026

8.7 UNITED KINGDOM

Sales Volume in Units, United Kingdom, 2019-2026
2,37,154
1,71,334
1,23,161
89,015
64,005
53,722
45,777
38,683
2019 2020 2021 2022 2023 2024 2025 2026

8.8 SWEDEN

Sales Volume in Units, Sweden, 2019-2026
68,278
46,645
32,324
22,404
15,380
12,079 10,611
8,916
2019 2020 2021 2022 2023 2024 2025 2026

8.9 NORWAY

Sales Volume in Units, Norway, 2019-2026
56,491
37,056
25,068
17,108
11,574
7,127 7,937
6,059
2019 2020 2021 2022 2023 2024 2025 2026

8.10 KOREA

Sales Volume in Units, Korea, 2019-2026
47,694
33,706
23,822
16,910
12,005
9,104 8,414
7,557
2019 2020 2021 2022 2023 2024 2025 2026

8.11 FINLAND

Sales Volume in Units, Finland, 2019-2026
13,646
10,995
8,928
7,250
5,888
4,685 4,763
4,124
2019 2020 2021 2022 2023 2024 2025 2026

8.12 CANADA

Sales Volume in Units, Canada, 2019-2026
7,914
7,005
6,230
5,567
4,814 4,928
4,363
3,948
2019 2020 2021 2022 2023 2024 2025 2026

8.13 INDIA

Sales Volume in Units, India, 2019-2026
5,982
3,390
1,928
1,098
625
278 222 356
2019 2020 2021 2022 2023 2024 2025 2026

9. GLOBAL EVSE AVERAGE
PRICE RANGE, 2019-2026
(ONLY QUANTITATIVE
INFORMATION)
9.1 Slow Charger
9.2 Fast Charger

9. GLOBAL EVSE AVERAGE PRICE RANGE
9.1 SLOW CHARGER
GLOBAL ELECTRIC VEHICLE SUPPLY EQUIPMENT (EVSE)

By Price in USD, Slow Charger, 2019-2026
576 585 578

557
537
517
498
480
2019 2020 2021 2022 2023 2024 2025 2026

9. GLOBAL EVSE AVERAGE PRICE RANGE
9.2 FAST CHARGER
GLOBAL ELECTRIC VEHICLE SUPPLY EQUIPMENT (EVSE)

By Price in USD, Fast Charger, 2019-2026
17425
17175
16928
16685
16445
16200 16217 16209
2019 2020 2021 2022 2023 2024 2025 2026

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REPORT

ELECTRIC VEHICLE CHARGING

Domain: Automotive Base Year: 2020 Forecast Period: 2021-2026

Industry Reports | Consulting | Intelligence Center

2 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

5.4.1.3 Rest of North America

3 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

5.4.2.1 Germany 6.1 Key Player Ranking/Market Share

5.4.2.2 United Kingdom 6.2 Company Profiles*

5.4.2.3 France 6.2.1 ABB

5.4.2.4 Nordic Countries 6.2.2 ChargePoint Inc.

5.4.2.5 Rest of Europe 6.2.3 Schneider Electric SE

5.4.3 Asia-Pacific 6.2.4 Siemens AG

5.4.3.1 China 6.2.5 Tesla Motors Inc.

5.4.3.2 Japan 6.2.6 Evbox (ENGIE)

5.4.3.3 India 6.2.7 Leviton Manufacturing Co. Inc.

5.4.3.4 Rest of Asia-Pacific 6.2.8 SemaConnect Inc.

5.4.4 Rest of the World 6.2.9 The Newmotion BV (Acquired by Shell)

5.4.4.1 South America 6.2.10 Efacec

6.2.12 EV Solutions (Webasto)

4 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

6.2.14 Qingdao Tgood Electric Co. Ltd 8.8 Sweden

6.2.15 Star Charge 8.9 Norway

6.2.16 The State Grid Corporation of China (SGCC) 8.10 Korea

*List not Exhaustive 8.11 Finland

7. MARKET OPPORTUNITIES/FUTURE EV CHARGER 8.12 Canada

5 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

1.2 Scope of the Study

6 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

1.1 STUDY ASSUMPTIONS

 Market-size estimations for the forecast years were in real terms.

 Distribution of primary interviews conducted was based on the regional

 As a result of data triangulation through multiple methodologies and

7 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

1.2 SCOPE OF THE STUDY

VEHICLE TYPE TYPE OF CHARGER APPLICATION TYPE GEOGRAPHY

Commercial Vehicles DC Charging Station Private Europe

Rest of the World

8 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

9 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

STEP 1 STEP 2 STEP 3

Decipher client requirements/ market to be

Tailormade research approach for

Effective use of Mordor’s knowledge

Confirm the objectives of the assignment with

10 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

2.1 SECONDARY RESEARCH 2.2 PRIMARY RESEARCH

11 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

It is a process of combining outcomes from different sources to increase the

12 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

13 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

SOURCE: Mordor Intelligence

14 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

4.2 Market Restraints

4.3 Industry Attractiveness - Porter's Five Forces

4.3.1 Threat of New Entrants

4.3.2 Bargaining Power of Buyers

4.3.3 Bargaining Power of Suppliers

4.3.4 Threat of Substitute Products

4.3.5 Intensity of Competitive Rivalry

15 REPORT – ELECTRIC VEHICLE CHARGING STATION MARKET

IMPACT CHART: DRIVERS AND RESTRAINTS

SUPPLY CHAIN CHALLENGES